SolGold (LON:SOLG) Trading Up 10.1% - Should You Buy?

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.

SolGold Plc (LON:SOLG - ) shares were up 10.1% during mid-day trading on Tuesday . The company traded as high as GBX 15.80 ($0.21) and last traded at GBX 15.70 ($0.21). Approximately 21,828,953 shares were traded during 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 10.1%

The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30. The firm has a market capitalization of £588.81 million, a PE ratio of -9.61 and a beta of 1.20. The business's 50-day moving average price is GBX 9.50 and its 200-day moving average price is GBX 7.82.

Insider Activity

In other news, insider Paul Smith acquired 41,831 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average cost of GBX 10 per share, for a total transaction of £4,183.10. Insiders have purchased 185,842 shares of company stock worth $1,858,420 in the last 90 days. Company 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.

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