SolGold (LON:SOLG) Shares Up 25.9% - Should You Buy?

Key Points

• SolGold Plc's shares surged by 25.9% during trading, reaching a high of GBX 15.10 ($0.20), and significantly increased trading volume by 598% compared to the average.
• The company has a market capitalization of £561.81 million and a P/E ratio of -9.17, indicating its current financial standing and volatility.
• Insider Paul Smith purchased 9,587 shares at an average price of GBX 10 ($0.14) recently, with insiders collectively owning 52.84% of the company’s stock.

SolGold Plc (LON:SOLG - ) shot 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 traded 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 Trading Up 25.9%

The firm has a market capitalization of £561.81 million, a P/E ratio of -9.17 and a beta of 1.20. The company's fifty day moving average is GBX 8.62 and its 200-day moving average is GBX 7.51. The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66.

Insider Activity

In related news, insider Paul Smith acquired 9,587 shares of the firm's stock in a transaction on Tuesday, July 29th. The shares were purchased at an average price of GBX 10 ($0.14) per share, with a total value of £958.70 ($1,299.40). In the last ninety days, insiders have bought 185,842 shares of company stock worth $1,858,420. Company insiders own 52.84% of the company's stock.

About SolGold

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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