SolGold (LON:SOLG) Trading 15.1% Higher - Should You Buy?

Key Points

• SolGold's share price rose **15.1%** to GBX **16.42** ($0.22), significantly increasing trading volume by **318%** compared to the average.
• Insider Paul Smith purchased **41,831 shares** at an average price of GBX **10**, contributing to a total of **185,842 shares** bought by insiders within the last ninety days.
• SolGold, focused on copper-gold exploration in **Ecuador**, boasts a market capitalization of **£596.31 million** and has a **debt-to-equity ratio** of **78.66**.

SolGold Plc (LON:SOLG - )'s share price traded up 15.1% during trading on Tuesday . The company traded as high as GBX 16.51 ($0.22) and last traded at GBX 16.42 ($0.22). 26,891,641 shares changed hands during trading, an increase of 318% from the average session volume of 6,441,072 shares. The stock had previously closed at GBX 14.26 ($0.19).

SolGold Stock Down 3.2%

The business has a fifty day moving average of GBX 9.69 and a 200 day moving average of GBX 7.88. The company has a market capitalization of £596.31 million, a PE ratio of -9.73 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 Activity at SolGold

In other SolGold news, insider Paul Smith acquired 41,831 shares of the stock in a transaction dated Tuesday, July 29th. The stock was acquired at an average price of GBX 10 per share, with a total value of £4,183.10. Insiders have purchased a total of 185,842 shares of company stock valued at $1,858,420 over the last ninety days. Company 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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