SolGold (LON:SOLG) Trading 10.7% Higher - Time to Buy?

Key Points

• SolGold Plc shares saw a significant increase of 10.7% during trading, with approximately 20.98 million shares exchanged, indicating heightened investor interest.
• The stock now has a market cap of £376.28 million and is trading at approximately GBX 9.69 per share, up from a previous close of GBX 8.75.
• As a leading exploration company in Ecuador, SolGold focuses on discovering world-class copper-gold deposits in an area rich with mining potential.

SolGold Plc (LON:SOLG - Get Free Report)'s share price traded up 10.7% during trading on Tuesday . The stock traded as high as GBX 9.80 ($0.13) and last traded at GBX 9.69 ($0.13). 20,980,186 shares changed hands during trading, an increase of 313% from the average session volume of 5,084,994 shares. The stock had previously closed at GBX 8.75 ($0.12).

SolGold Price Performance

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 company has a 50 day moving average price of GBX 7.32 and a 200 day moving average price of GBX 7.08. The firm has a market cap of £423.79 million, a PE ratio of -6.91 and a beta of 1.20.

Insider Activity at SolGold

In other SolGold news, insider Paul Smith acquired 9,587 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average price of GBX 10 ($0.13) per share, with a total value of £958.70 ($1,266.45). Insiders purchased a total of 185,842 shares of company stock worth $1,858,420 in the last three months. 52.84% of the stock is owned by corporate 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.