SolGold (LON:SOLG) Trading 21.7% Higher - What's Next?

Key Points

• SolGold Plc's stock surged by 21.7% on Friday, closing at GBX 14.48 ($0.20) after reaching a high of GBX 14.96 ($0.20).
• The trading volume increased significantly to 55.3 million shares, marking a 774% rise compared to the average volume.
• Insider Paul Smith purchased 9,587 shares at GBX 10 ($0.14) each, contributing to a total of 185,842 shares bought by insiders over the last 90 days.

SolGold Plc (LON:SOLG - )'s stock price traded up 21.7% during trading on Friday . The company traded as high as GBX 14.96 ($0.20) and last traded at GBX 14.48 ($0.20). 55,326,270 shares were traded during trading, an increase of 774% from the average session volume of 6,331,444 shares. The stock had previously closed at GBX 11.90 ($0.16).

SolGold Trading Up 21.7%

The stock's fifty day moving average price is GBX 8.46 and its 200 day moving average price is GBX 7.46. 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 has a market cap of £543.05 million, a PE ratio of -8.86 and a beta of 1.20.

Insider Transactions at SolGold

In related news, insider Paul Smith bought 9,587 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average price of GBX 10 ($0.14) per share, for a total transaction of £958.70 ($1,297.12). Insiders have purchased a total of 185,842 shares of company stock valued at $1,858,420 in the last 90 days. 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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