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

Key Points

• SolGold's share price surged by 25.9% to close at GBX 14.98 ($0.20), with trading volume increasing by 598% on Saturday.
• The company has a market cap of £561.81 million and important financial ratios include a P/E ratio of -9.17 and a quick ratio of 2.30.
• Insider buying activity has been noteworthy, with 185,842 shares purchased in the last three months, indicating strong confidence among corporate insiders.

SolGold Plc (LON:SOLG - Get Free Report)'s stock price traded up 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). 43,666,074 shares changed 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 Stock Performance

The firm has a fifty day simple moving average of GBX 9.21 and a 200-day simple moving average of GBX 7.71. 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 quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66.

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 dated Tuesday, July 29th. The stock was acquired at an average cost of GBX 10 per share, with a total value of £4,183.10. Over the last three months, insiders have purchased 185,842 shares of company stock worth $1,858,420. Company insiders own 52.84% of the company's stock.

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.