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SolGold (LON:SOLG) Trading 18.5% Higher - What's Next?

SolGold logo with Basic Materials background

Key Points

  • SolGold Plc saw a significant stock price increase of 18.5%, trading at GBX 14.10 ($0.19) after reaching a high of GBX 14.42 ($0.20).
  • Trading volume surged by 490%, with approximately 36.7 million shares exchanged compared to an average of around 6.2 million.
  • Insider purchases totaled 185,842 shares valued at $1.86 million, indicating strong insider confidence in the company's future.
  • Looking to export and analyze SolGold data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of SolGold Plc (LON:SOLG - Get Free Report) were up 18.5% during mid-day trading on Friday . The stock traded as high as GBX 14.42 ($0.19) and last traded at GBX 14.10 ($0.19). Approximately 36,653,633 shares were traded during trading, an increase of 490% from the average daily volume of 6,213,263 shares. The stock had previously closed at GBX 11.90 ($0.16).

SolGold Stock Performance

The firm has a market capitalization of £539.79 million, a price-to-earnings ratio of -8.81 and a beta of 1.20. The company has a 50-day moving average of GBX 8.77 and a 200-day moving average of GBX 7.57. The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66.

Insider Activity

In other SolGold news, insider Paul Smith purchased 41,831 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was bought at an average price of GBX 10 per share, with a total value of £4,183.10. Insiders acquired a total of 185,842 shares of company stock valued at $1,858,420 over the last ninety days. Corporate insiders own 52.84% of the company's stock.

SolGold Company Profile

(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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