SolGold (LON:SOLG) Trading 14% Higher - Should You Buy?

Key Points

• SolGold Plc's shares surged 14% on Monday, reaching a high of GBX 13.54 ($0.18), significantly increasing trading volume by 588% compared to the average session.
• The company has a debt-to-equity ratio of 78.66, a market capitalization of £483.05 million, and a negative P/E ratio of -7.88.
• Insiders own 52.84% of SolGold's stock, with recent transactions indicating significant insider buying, totaling 185,842 shares worth approximately $1.86 million over the last quarter.

Shares of SolGold Plc (LON:SOLG - ) traded up 14% on Monday . The company traded as high as GBX 13.54 ($0.18) and last traded at GBX 12.88 ($0.17). 38,991,313 shares were traded during trading, an increase of 588% from the average session volume of 5,669,705 shares. The stock had previously closed at GBX 11.30 ($0.15).

SolGold Stock Up 14.0%

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 firm has a market capitalization of £483.05 million, a P/E ratio of -7.88 and a beta of 1.20. The stock has a fifty day moving average price of GBX 7.40 and a two-hundred day moving average price of GBX 7.10.

Insider Buying and Selling at SolGold

In related news, insider Paul Smith purchased 9,587 shares of SolGold stock in a transaction dated Tuesday, July 29th. The stock was bought at an average cost of GBX 10 ($0.13) per share, with a total value of £958.70 ($1,273.00). Insiders purchased a total of 185,842 shares of company stock worth $1,858,420 over the last quarter. Insiders own 52.84% of the company's stock.

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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