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

SolGold logo with Basic Materials background

Key Points

  • SolGold's stock price increased by 13.1%, trading at GBX 11.30 ($0.15), with a significant rise in volume at 16,444,152 shares, up 202% from the average.
  • The company has a market cap of £423.79 million and a notably small P/E ratio of -6.91, indicating potential undervaluation.
  • Insider transactions show confidence in the stock, with Paul Smith buying 41,831 shares at GBX 10 ($0.13) each, leading to insiders owning 52.84% of the company.
  • Interested in SolGold? Here are five stocks we like better.

SolGold Plc (LON:SOLG - Get Free Report) shares rose 13.1% during trading 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 were traded 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 Trading Up 14.0%

The company has a 50 day moving average of GBX 7.40 and a two-hundred day moving average of GBX 7.10. 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 stock has a market cap of £483.05 million, a PE ratio of -7.88 and a beta of 1.20.

Insider Activity

In other SolGold news, insider Paul Smith acquired 9,587 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average cost of GBX 10 ($0.13) per share, for a total transaction of £958.70 ($1,273.00). Insiders purchased 185,842 shares of company stock valued at $1,858,420 in the last ninety days. 52.84% of the stock is owned by corporate insiders.

SolGold Company Profile

(Get Free Report)

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.

Further Reading

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