SolGold (LON:SOLG) Trading 25.9% Higher - Here's What Happened

Key Points

• SolGold Plc experienced a significant increase in its stock price, trading up 25.9% to GBX 14.98 ($0.20) during recent trading sessions.
• The company reported an impressive trading volume of 43,666,074 shares, which is a 598% increase compared to its average session volume.
• Insiders, including Paul Smith, have been active in buying shares, with a total of 185,842 shares acquired in the last 90 days, suggesting strong internal confidence in the company's prospects.

SolGold Plc (LON:SOLG - ) traded up 25.9% during trading on Saturday . The stock traded as high as GBX 15.10 ($0.20) and last traded at GBX 14.98 ($0.20). 43,666,074 shares traded hands during mid-day trading, an increase of 598% from the average session volume of 6,257,646 shares. The stock had previously closed at GBX 11.90 ($0.16).

SolGold Price Performance

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 company's fifty day moving average price is GBX 8.62 and its 200 day moving average price is GBX 7.51. The firm has a market capitalization of £561.81 million, a price-to-earnings ratio of -9.17 and a beta of 1.20.

Insider Activity at SolGold

In related news, insider Paul Smith purchased 9,587 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were bought at an average cost of GBX 10 ($0.14) per share, for a total transaction of £958.70 ($1,299.40). In the last 90 days, insiders have bought 185,842 shares of company stock worth $1,858,420. 52.84% of the stock is currently owned by insiders.

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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