SolGold (LON:SOLG) Trading 13.1% Higher - Time to Buy?

Key Points

• SolGold Plc saw a significant increase in its stock price, trading up 13.1% to GBX 11.30 ($0.15), with trading volume up by 202% from the average.
• Company insiders have been actively purchasing shares, accumulating 185,842 shares worth approximately $1.86 million in the last ninety days, indicating strong internal confidence in the company's future.
• SolGold is focused on exploration and development of copper-gold deposits, with a strategic advantage in the under-explored Andean Copper Belt in Ecuador.

SolGold Plc (LON:SOLG - ) traded up 13.1% on Saturday . The company 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 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 Price Performance

The stock has a 50 day simple moving average of GBX 7.40 and a two-hundred day simple moving average of GBX 7.11. The firm has a market cap 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.

Insider Buying and Selling at SolGold

In other SolGold news, insider Paul Smith bought 41,831 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were purchased at an average cost of GBX 10 ($0.13) per share, for a total transaction of £4,183.10 ($5,552.30). In the last ninety days, insiders bought 185,842 shares of company stock worth $1,858,420. Company insiders own 52.84% of the company's stock.

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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