SolGold (LON:SOLG) Trading Up 25.9% - Here's Why

Key Points

• SolGold Plc experienced a significant stock increase of 25.9%, reaching a trading price of GBX 14.98 ($0.20) after closing at GBX 11.90 ($0.16) previously.
• Trading volume surged to 43,666,074 shares, marking a 598% increase from its average session volume of 6,257,646 shares.
• Insider Paul Smith purchased 9,587 shares at an average price of GBX 10 ($0.14), with insiders collectively buying 185,842 shares valued at approximately $1.86 million over the last ninety days.

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

SolGold Stock Performance

The company has a market capitalization of £525.05 million, a P/E ratio of -8.57 and a beta of 1.20. The firm has a 50 day moving average price of GBX 8.92 and a two-hundred day moving average price of GBX 7.62. The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75.

Insider Buying and Selling at SolGold

In related news, insider Paul Smith acquired 9,587 shares of the stock in a transaction dated Tuesday, July 29th. The shares were bought at an average cost of GBX 10 per share, for a total transaction of £958.70. In the last 90 days, insiders purchased 185,842 shares of company stock valued at $1,858,420. Corporate 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.