SolGold (LON:SOLG) Stock Price Up 13.1% - Still a Buy?

Key Points

• SolGold Plc's stock price increased by 13.1% to GBX 11.30 ($0.15) with trading volume skyrocketing to approximately 16.4 million shares, a 202% rise from its average daily volume.
• Company insiders have been active, with Paul Smith purchasing 9,587 shares at GBX 10 ($0.13), contributing to a total of 185,842 shares bought by insiders within the last 90 days.
• SolGold focuses on exploring and developing copper-gold deposits in Ecuador, a region known for its rich mineral resources and potential for major discoveries.

SolGold Plc (LON:SOLG - ) was up 13.1% during trading 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 changed hands 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 Stock Up 13.1%

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

Insiders Place Their Bets

In other SolGold news, insider Paul Smith acquired 9,587 shares of the business's stock in a transaction on Tuesday, July 29th. The shares were bought at an average price of GBX 10 ($0.13) per share, with a total value of £958.70 ($1,272.50). In the last 90 days, insiders acquired 185,842 shares of company stock worth $1,858,420. 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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