SolGold (LON:SOLG) Trading 13.1% Higher - Here's What Happened

Key Points

• SolGold Plc experienced a stock price increase of 13.1% on Saturday, reaching GBX 11.30 ($0.15), with trading volume increasing by 202% from its average daily volume.
• Insider Paul Smith purchased 41,831 shares of SolGold stock, joining other insiders who bought a total of 185,842 shares valued at $1,858,420 over the last three months.
• SolGold is focused on the exploration and development of copper-gold deposits in Ecuador, a region noted for its Tier 1 projects and significant copper resources.

SolGold Plc (LON:SOLG - )'s stock price rose 13.1% on Saturday . The company traded as high as GBX 11.30 ($0.15) and last traded at GBX 11.30 ($0.15). Approximately 16,444,152 shares changed hands during trading, an increase of 202% from the average daily volume of 5,439,694 shares. The stock had previously closed at GBX 9.99 ($0.13).

SolGold Stock Up 13.1%

The business has a 50-day moving average price of GBX 7.40 and a 200 day moving average price of GBX 7.11. The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66. The stock has a market capitalization of £423.79 million, a P/E ratio of -6.91 and a beta of 1.20.

Insider Activity at SolGold

In other news, insider Paul Smith bought 41,831 shares of the stock in a transaction dated Tuesday, July 29th. The stock was purchased at an average price of GBX 10 ($0.13) per share, for a total transaction of £4,183.10 ($5,552.30). In the last three months, insiders purchased 185,842 shares of company stock valued at $1,858,420. 52.84% of the stock is currently owned by 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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