SolGold (LON:SOLG) Stock Price Up 14% - Here's Why

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 - ) shares were up 14% during trading on Monday . The company traded as high as GBX 13.54 ($0.18) and last traded at GBX 12.88 ($0.17). Approximately 38,991,313 shares traded hands 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 Stock Up 14.0%

The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66. The firm has a market cap of £483.05 million, a P/E ratio of -7.88 and a beta of 1.20. The stock's 50-day simple moving average is GBX 7.40 and its 200 day simple moving average is GBX 7.10.

Insider Buying and Selling at SolGold

In other news, insider Paul Smith bought 9,587 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were purchased at an average price of GBX 10 ($0.13) per share, with a total value of £958.70 ($1,274.19). In the last quarter, insiders have bought 185,842 shares of company stock valued at $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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