SolGold (LON:SOLG) Trading 25.9% Higher - Still a Buy?

Key Points

• SolGold Plc shares experienced a significant increase of 25.9% during mid-day trading, rising to a price of GBX 14.98 ($0.20) from a previous close of GBX 11.90 ($0.16).
• Insiders, including Paul Smith, have been actively purchasing shares, with a total of 185,842 shares acquired over the last 90 days, indicating strong internal confidence in the company's prospects.
• SolGold is focused on the exploration and development of copper-gold deposits in Ecuador, positioning itself in a region rich in copper resources and potential major projects.

Shares of SolGold Plc (LON:SOLG - Get Free Report) traded up 25.9% during mid-day trading on Saturday . The company traded as high as GBX 15.10 ($0.20) and last traded at GBX 14.98 ($0.20). 43,666,074 shares were traded during mid-day trading, an increase of 598% from the average session volume of 6,257,646 shares. The stock had previously closed at GBX 11.90 ($0.16).

SolGold Price Performance

The company has a market cap of £533.53 million, a PE ratio of -8.71 and a beta of 1.20. The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75. The stock has a 50 day moving average of GBX 9.06 and a 200-day moving average of GBX 7.66.

Insider Transactions at SolGold

In other news, insider Paul Smith bought 41,831 shares of SolGold stock in a transaction that occurred on Tuesday, July 29th. The stock was bought at an average price of GBX 10 per share, for a total transaction of £4,183.10. In the last ninety days, insiders acquired 185,842 shares of company stock valued at $1,858,420. Company 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.