SolGold (LON:SOLG) Trading 13.1% Higher Following Insider Buying Activity

Key Points

• SolGold's share price increased by 13.1% following significant insider buying activity, with the stock trading at GBX 11.30 ($0.15).
• Insider Paul Smith made multiple purchases, buying a total of 49,250 shares at an average price of GBX 10 ($0.13) per share, totaling over £4,000 ($5,500).
• SolGold has a market capitalization of £423.79 million, a PE ratio of -6.91, and a debt-to-equity ratio of 78.66.

SolGold Plc (LON:SOLG - Get Free Report) shares traded up 13.1% during trading on Friday following insider buying activity. The stock traded as high as GBX 11.30 ($0.15) and last traded at GBX 11.30 ($0.15). 16,444,152 shares traded hands during mid-day trading, an increase of 202% from the average session volume of 5,439,694 shares. The stock had previously closed at GBX 9.99 ($0.13).

Specifically, insider Paul Smith bought 9,587 shares of SolGold stock in a transaction dated Tuesday, July 29th. The stock was bought at an average cost of GBX 10 ($0.13) per share, for a total transaction of £958.70 ($1,266.45). Also, insider Paul Smith bought 8,479 shares of SolGold stock in a transaction dated Tuesday, July 29th. The shares were acquired at an average price of GBX 10 ($0.13) per share, with a total value of £847.90 ($1,120.08). In other SolGold news, insider Paul Smith bought 31,184 shares of SolGold stock in a transaction dated Tuesday, July 29th. The stock was bought at an average cost of GBX 10 ($0.13) per share, for a total transaction of £3,118.40 ($4,119.42).

SolGold Stock Performance

The company has a market capitalization of £423.79 million, a PE ratio of -6.91 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 company has a 50 day moving average price of GBX 7.32 and a 200 day moving average price of GBX 7.08.

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.

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