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SolGold (LON:SOLG) Trading 10.1% Higher - Here's Why

SolGold logo with Basic Materials background

Key Points

  • SolGold Plc shares rose by 10.1% during mid-day trading, reaching GBX 15.70 ($0.21), with a trading volume increase of 241% compared to the average daily volume.
  • The company maintains a debt-to-equity ratio of 78.66 and a market capitalization of £588.81 million, indicating a strong financial position amidst its trading activity.
  • Insider Paul Smith recently purchased 41,831 shares at an average cost of GBX 10 per share, contributing to a total of 185,842 shares bought by insiders in the last 90 days.
  • Five stocks to consider instead of SolGold.

SolGold Plc (LON:SOLG - Get Free Report)'s stock price was up 10.1% during mid-day trading on Tuesday . The stock traded as high as GBX 15.80 ($0.21) and last traded at GBX 15.70 ($0.21). Approximately 21,828,953 shares traded hands during mid-day trading, an increase of 241% from the average daily volume of 6,410,202 shares. The stock had previously closed at GBX 14.26 ($0.19).

SolGold Trading Up 0.5%

The company has a 50 day moving average price of GBX 10.17 and a 200 day moving average price of GBX 8.05. The firm has a market cap of £450.77 million, a price-to-earnings ratio of -1,365.45 and a beta of 1.20. 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 at SolGold

In other SolGold news, insider Paul Smith purchased 41,831 shares of the firm'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 £4,183.10. Over the last quarter, insiders acquired 185,842 shares of company stock valued at $1,858,420. Corporate insiders own 4.83% 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.

Further Reading

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