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

SolGold logo with Basic Materials background

Key Points

  • SolGold Plc's stock surged by 25.9% on Saturday, reaching a high of GBX 15.10 ($0.20) before closing at GBX 14.98 ($0.20), with trading volume increasing 598% compared to its average.
  • The company has a market capitalization of £561.81 million and a negative price-to-earnings ratio of -9.17, indicating potential challenges in profitability.
  • Insiders have been actively purchasing shares, with transactions totaling 185,842 shares worth $1,858,420 over the last quarter, suggesting confidence in the company's future.
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SolGold Plc (LON:SOLG - Get Free Report)'s share price rose 25.9% on Saturday . 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 traded 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 Price Performance

The company has a market cap of £539.79 million, a price-to-earnings ratio of -8.81 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 company's fifty day moving average price is GBX 8.92 and its two-hundred day moving average price is GBX 7.62.

Insider Activity at SolGold

In other SolGold news, insider Paul Smith acquired 9,587 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were acquired at an average price of GBX 10 per share, with a total value of £958.70. Insiders have acquired a total of 185,842 shares of company stock valued at $1,858,420 over the last 90 days. Insiders own 52.84% of the company's stock.

SolGold Company Profile

(Get Free Report)

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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