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SolGold (LON:SOLG) Stock Price Up 25.9% - Should You Buy?

SolGold logo with Basic Materials background

Key Points

  • SolGold Plc's stock price surged 25.9%, reaching GBX 14.98 ($0.20) during trading, with a substantial increase in trading volume of 598% from its average.
  • Insiders have shown confidence in the company, purchasing a total of 185,842 shares in the last 90 days, which suggests strong internal support for the stock.
  • SolGold operates in a promising area of Ecuador's Andean Copper Belt, focusing on the exploration of major copper-gold deposits.
  • Want stock alerts on SolGold? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

SolGold Plc (LON:SOLG - Get Free Report)'s stock price rose 25.9% during trading on Saturday . The stock traded as high as GBX 15.10 ($0.20) and last traded at GBX 14.98 ($0.20). Approximately 43,666,074 shares changed hands during trading, an increase of 598% from the average daily 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 £561.81 million, a P/E ratio of -9.17 and a beta of 1.20. The company has a fifty day simple moving average of GBX 8.62 and a 200-day simple moving average of GBX 7.52. The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30.

Insiders Place Their Bets

In other news, insider Paul Smith acquired 41,831 shares of the stock in a transaction on Tuesday, July 29th. The shares were purchased at an average cost of GBX 10 ($0.14) per share, for a total transaction of £4,183.10 ($5,669.69). In the last 90 days, insiders have purchased 185,842 shares of company stock worth $1,858,420. 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.

See Also

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