SolGold (LON:SOLG) Stock Price Up 25.9% - Still a Buy?

Key Points

• SolGold Plc shares surged by 25.9% to trade at GBX 14.98 ($0.20), significantly above its previous close of GBX 11.90 ($0.16), with volume increasing by 598% compared to average trading.
• The company has a debt-to-equity ratio of 78.66 and a market cap of £561.81 million, indicating substantial leverage and growth potential.
• Insider buying is notable, with executives purchasing 185,842 shares valued at over $1.8 million in the last three months, suggesting confidence in the company's future.

Shares of SolGold Plc (LON:SOLG - ) traded up 25.9% during trading on Friday . The stock traded as high as GBX 15.10 ($0.20) and last traded at GBX 14.98 ($0.20). 43,666,074 shares traded hands 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 debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30. The business's fifty day moving average is GBX 8.46 and its 200-day moving average is GBX 7.46. The firm has a market cap of £561.81 million, a PE ratio of -9.17 and a beta of 1.20.

Insider Buying and Selling

In related news, insider Paul Smith acquired 41,831 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average cost of GBX 10 ($0.14) per share, for a total transaction of £4,183.10 ($5,659.72). In the last ninety days, insiders bought 185,842 shares of company stock valued at $1,858,420. 52.84% of the stock is owned by company insiders.

About SolGold

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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