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SolGold (LON:SOLG) Stock Price Up 13.1% - Here's What Happened

SolGold logo with Basic Materials background

Key Points

  • SolGold Plc's stock experienced a significant increase of 13.1%, trading at GBX 11.30 ($0.15) after previously closing at GBX 9.99 ($0.13).
  • Insider activity is notable, with Paul Smith purchasing 9,587 shares, contributing to a total of 185,842 shares bought by insiders in the last quarter.
  • SolGold, focusing on copper-gold deposits, has a market capitalization of £423.79 million and operates in Ecuador, part of the Andean Copper Belt.
  • MarketBeat previews top five stocks to own in September.

Shares of SolGold Plc (LON:SOLG - Get Free Report) rose 13.1% on Saturday . The company traded as high as GBX 11.30 ($0.15) and last traded at GBX 11.30 ($0.15). Approximately 16,444,152 shares were traded during mid-day trading, an increase of 202% from the average daily volume of 5,439,694 shares. The stock had previously closed at GBX 9.99 ($0.13).

SolGold Trading Up 13.1%

The business has a 50 day simple moving average of GBX 7.40 and a 200-day simple moving average of GBX 7.11. The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66. The stock has a market capitalization of £423.79 million, a price-to-earnings ratio of -6.91 and a beta of 1.20.

Insider Activity at SolGold

In other SolGold news, insider Paul Smith acquired 9,587 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were bought at an average cost of GBX 10 ($0.13) per share, for a total transaction of £958.70 ($1,272.50). In the last quarter, insiders bought 185,842 shares of company stock worth $1,858,420. Company insiders own 52.84% of the company's stock.

About SolGold

(Get Free Report)

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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