SolGold (LON:SOLG) Shares Up 25.9% - Here's Why

Key Points

• SolGold Plc shares surged by 25.9% during mid-day trading, closing at GBX 14.98 ($0.20) after previously closing at GBX 11.90 ($0.16).
• Insider transactions indicate confidence, with corporate insiders owning 52.84% of the company's stock and acquiring 185,842 shares worth around $1.86 million over the last 90 days.
• SolGold is a leading exploration company focused on developing world-class copper-gold deposits in Ecuador, a region rich in copper resources.

SolGold Plc (LON:SOLG - )'s stock price traded up 25.9% during mid-day trading on Friday . The stock traded as high as GBX 15.10 ($0.20) and last traded at GBX 14.98 ($0.20). 43,666,074 shares changed hands during trading, an increase of 598% from the average session volume of 6,257,646 shares. The stock had previously closed at GBX 11.90 ($0.16).

SolGold Stock Up 25.9%

The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30. The stock has a market cap of £561.81 million, a PE ratio of -9.17 and a beta of 1.20. The business has a fifty day moving average of GBX 8.46 and a 200-day moving average of GBX 7.46.

Insider Activity

In other SolGold news, insider Paul Smith purchased 41,831 shares of SolGold stock in a transaction dated Tuesday, July 29th. The shares were acquired at an average cost of GBX 10 ($0.14) per share, with a total value of £4,183.10 ($5,659.72). Insiders acquired 185,842 shares of company stock worth $1,858,420 over the last 90 days. Corporate insiders own 52.84% of the company's stock.

SolGold Company Profile

SolGold is a leading exploration company focussed on the discovery, definition and development of world-class copper-gold deposits. SolGold has a first mover advantage in Ecuador, a highly prospective yet under-explored section of the Andean Copper Belt, home of multiple Tier 1 copper and gold projects and half of the world's copper resources.

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