SolGold (LON:SOLG) Stock Price Up 25.9% - What's Next?

Key Points

• SolGold Plc shares surged 25.9% during mid-day trading, reaching a high of GBX 15.10 ($0.20) and significantly increasing trading volume by 598% compared to its average daily volume.
• Insider transactions showed confidence in the company as insiders acquired 185,842 shares worth $1.86 million in the past 90 days, with insider ownership now at 52.84%.
• SolGold is focused on developing world-class copper-gold deposits in Ecuador, a region recognized for its potential with major copper and gold resources.

SolGold Plc (LON:SOLG - Get Free Report)'s share price traded up 25.9% during mid-day 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 changed hands during 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 Trading Up 0.4%

The firm has a market capitalization of £528.05 million, a PE ratio of -8.62 and a beta of 1.20. The company's 50-day moving average price is GBX 8.92 and its 200-day moving average price is 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 Activity

In other news, insider Paul Smith acquired 9,587 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was acquired at an average cost of GBX 10 per share, with a total value of £958.70. Over the last three months, insiders have acquired 185,842 shares of company stock worth $1,858,420. 52.84% of the stock is currently owned by insiders.

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.