SolGold (LON:SOLG) Shares Up 14% - What's Next?

Key Points

• SolGold Plc shares rose by 14% during trading, reaching a high of GBX 13.54 ($0.18), significantly increasing trading volume to approximately 38.99 million shares, up 588% from the average.
• The company has a debt-to-equity ratio of 78.66 and a market capitalization of £483.05 million, reflecting its financial position in the industry.
• Corporate insiders own 52.84% of the company's stock, with recent insider buying totaling 185,842 shares valued at $1.86 million in the last quarter.

SolGold Plc (LON:SOLG - Get Free Report) shares rose 14% during mid-day trading on Monday . The stock traded as high as GBX 13.54 ($0.18) and last traded at GBX 12.88 ($0.17). Approximately 38,991,313 shares were traded during trading, an increase of 588% from the average daily volume of 5,669,705 shares. The stock had previously closed at GBX 11.30 ($0.15).

SolGold Trading Up 2.4%

The company's 50 day moving average price is GBX 7.87 and its two-hundred day moving average price is GBX 7.27. 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 capitalization of £507.05 million, a PE ratio of -8.27 and a beta of 1.20.

Insider Buying and Selling at SolGold

In other SolGold news, insider Paul Smith bought 9,587 shares of SolGold 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 ($1,289.27). Insiders have bought 185,842 shares of company stock worth $1,858,420 in the last ninety days. 52.84% of the stock is owned by company 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.