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

Key Points

• Shares of SolGold Plc rose 25.9% during mid-day trading, reaching a high of GBX 15.10 ($0.20), with significant trading volume increasing to 43,666,074 shares.
• The company has a market cap of £561.81 million and reports a P/E ratio of -9.17, indicating negative earnings.
• Company insider Paul Smith bought 41,831 shares recently, revealing strong insider interest as insiders acquired a total of 185,842 shares worth approximately $1.86 million last quarter.

SolGold Plc (LON:SOLG - Get Free Report)'s stock price shot up 25.9% 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 were traded during 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 market capitalization of £533.98 million, a P/E ratio of -8.71 and a beta of 1.20. 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 firm has a 50-day moving average price of GBX 8.62 and a two-hundred day moving average price of GBX 7.52.

Insider Transactions at SolGold

In related news, insider Paul Smith acquired 9,587 shares of the stock in a transaction on Tuesday, July 29th. The stock was bought at an average cost of GBX 10 ($0.14) per share, with a total value of £958.70 ($1,300.11). Over the last three months, insiders have bought 185,842 shares of company stock valued at $1,858,420. 52.84% of the stock is owned by insiders.

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.