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

Key Points

• SolGold's shares surged 25.9%, rising from GBX 11.90 to as high as GBX 15.10, with trading volumes increasing 598% compared to the average session.
• The company has significant insider trading activity, with 52.84% of shares owned by corporate insiders and acquisitions totaling $1,858,420 over the last quarter.
• SolGold is focused on the exploration of copper-gold deposits in Ecuador, a region noted for its potential within the Andean Copper Belt.

SolGold Plc (LON:SOLG - Get Free Report) shares rose 25.9% during trading on Saturday . The company traded as high as GBX 15.10 ($0.20) and last traded at GBX 14.98 ($0.20). Approximately 43,666,074 shares traded hands during mid-day trading, an increase of 598% from the average daily volume of 6,257,646 shares. The stock had previously closed at GBX 11.90 ($0.16).

SolGold Stock Performance

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 has a 50-day moving average of GBX 8.62 and a 200-day moving average of GBX 7.52. 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 Buying and Selling

In other SolGold news, insider Paul Smith acquired 41,831 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were bought at an average cost of GBX 10 ($0.14) per share, with a total value of £4,183.10 ($5,669.69). Over the last 90 days, insiders bought 185,842 shares of company stock worth $1,858,420. 52.84% of the stock is currently owned by insiders.

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.