SolGold (LON:SOLG) Trading 19.8% Higher - Time to Buy?

Key Points

• SolGold Plc shares surged by 19.8% during trading, reaching GBX 13.53 ($0.18), with a significant increase in trading volume of 575% compared to average session volume.
• The company has a market capitalization of £483.05 million and various financial ratios, such as a P/E ratio of -7.88 and a debt-to-equity ratio of 78.66.
• Insider traded activity has been notable, with insiders acquiring 185,842 shares worth approximately $1.86 million over the last 90 days, indicating strong internal confidence in the company's prospects.

SolGold Plc (LON:SOLG - )'s stock price shot up 19.8% during trading on Monday . The company traded as high as GBX 13.53 ($0.18) and last traded at GBX 13.53 ($0.18). 38,229,781 shares were traded during mid-day trading, an increase of 575% from the average session volume of 5,664,593 shares. The stock had previously closed at GBX 11.30 ($0.15).

SolGold Stock Performance

The company has a market cap of £483.05 million, a P/E ratio of -7.88 and a beta of 1.20. The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66. The stock's 50-day moving average price is GBX 7.40 and its 200 day moving average price is GBX 7.10.

Insider Transactions at SolGold

In related news, insider Paul Smith bought 41,831 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were acquired at an average price of GBX 10 ($0.13) per share, with a total value of £4,183.10 ($5,554.51). Insiders have acquired a total of 185,842 shares of company stock worth $1,858,420 over the last 90 days. 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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