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SolGold (LON:SOLG) Stock Price Up 14% - What's Next?

SolGold logo with Basic Materials background

Key Points

  • SolGold Plc's stock price surged by 14% during trading on Monday, reaching a high of GBX 13.54 ($0.18) with an impressive trading volume that increased by 588% from the average daily volume.
  • The company, valued at £483.05 million, has a negative PE ratio of -7.88 and has seen significant insider trading, with insiders owning over 52% of the stock.
  • SolGold focuses on copper-gold exploration in Ecuador, which is noted for its potential, having many Tier 1 copper and gold projects.
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SolGold Plc (LON:SOLG - Get Free Report)'s stock price rose 14% on Monday . The stock traded as high as GBX 13.54 ($0.18) and last traded at GBX 12.88 ($0.17). Approximately 38,991,313 shares changed hands during trading, an increase of 588% from the average daily volume of 5,669,705 shares. The stock had previously closed at GBX 11.30 ($0.15).

SolGold Stock Performance

The stock's 50 day moving average is GBX 7.87 and its two-hundred day moving average is GBX 7.27. The stock has a market capitalization of £507.05 million, a price-to-earnings ratio of -8.27 and a beta of 1.20. The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66.

Insider Buying and Selling at SolGold

In other news, insider Paul Smith acquired 41,831 shares of SolGold stock in a transaction dated Tuesday, July 29th. The stock was bought at an average price of GBX 10 ($0.13) per share, for a total transaction of £4,183.10 ($5,625.47). Insiders have acquired 185,842 shares of company stock valued at $1,858,420 over the last three months. 52.84% of the stock is currently owned by company 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.

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