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

Key Points

• SolGold Plc's stock price increased by 13.1%, trading at GBX 11.30 ($0.15) during mid-day trading, with over 16 million shares exchanged—an increase of 202% from its average volume.
• The company has a market capitalization of approximately £423.79 million, a negative PE ratio of -6.91, and several liquidity ratios indicating a strong financial position.
• Insider purchases have totaled 185,842 shares valued at about $1.86 million in the last ninety days, with insiders owning 52.84% of the company's stock.

SolGold Plc (LON:SOLG - ) shares shot up 13.1% during trading on Saturday . 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).

SolGold Trading Up 13.1%

The firm has a market cap of £423.79 million, a P/E ratio of -6.91 and a beta of 1.20. The company's 50 day moving average is GBX 7.40 and its two-hundred day moving average is GBX 7.11. The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30.

Insider Buying and Selling

In other news, insider Paul Smith purchased 9,587 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was purchased at an average cost of GBX 10 ($0.13) per share, with a total value of £958.70 ($1,272.50). Over the last quarter, insiders acquired 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.

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