SolGold (LON:SOLG) Stock Price Up 14% - Should You Buy?

Key Points

• SolGold's stock price increased by 14% on Monday, reaching a maximum of GBX 13.54 ($0.18) during trading, with a significant 588% increase in trading volume.
• The company has a solid current ratio of 3.75 and a debt-to-equity ratio of 78.66, reflecting its financial health despite a negative PE ratio of -7.88.
• Insiders, including Paul Smith, have been actively buying shares, with a total of 185,842 shares purchased over the last quarter, indicating strong insider confidence in the company.

SolGold Plc (LON:SOLG - )'s stock price rose 14% 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 mid-day 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 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 £483.05 million, a PE ratio of -7.88 and a beta of 1.20. The stock's fifty 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 SolGold news, insider Paul Smith acquired 41,831 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were acquired at an average cost of GBX 10 ($0.13) per share, with a total value of £4,183.10 ($5,554.51). Over the last quarter, insiders have bought 185,842 shares of company stock valued at $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.

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