SolGold (LON:SOLG) Trading Up 13.1% After Insider Buying Activity

Key Points

• SolGold's stock price rose 13.1% during mid-day trading on Friday, reaching GBX 11.30 ($0.15) following notable insider buying activity.
• Insider Paul Smith collectively purchased 49,250 shares of SolGold's stock in several transactions on July 29th, with each purchase made at an average price of GBX 10 ($0.13) per share.
• The company's market capitalization stands at £423.79 million, with a PE ratio of -6.91, indicating it has yet to turn a profit.

SolGold Plc (LON:SOLG - Get Free Report)'s stock price traded up 13.1% during mid-day trading on Friday following insider buying activity. The stock traded as high as GBX 11.30 ($0.15) and last traded at GBX 11.30 ($0.15). 16,444,152 shares traded hands during trading, an increase of 202% from the average session volume of 5,439,694 shares. The stock had previously closed at GBX 9.99 ($0.13).

Specifically, insider Paul Smith acquired 9,587 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was purchased at an average price of GBX 10 ($0.13) per share, for a total transaction of £958.70 ($1,266.45). Also, insider Paul Smith acquired 8,479 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was purchased at an average price of GBX 10 ($0.13) per share, with a total value of £847.90 ($1,120.08). In other news, insider Paul Smith acquired 31,184 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was purchased at an average price of GBX 10 ($0.13) per share, for a total transaction of £3,118.40 ($4,119.42).

SolGold Price Performance

The firm has a market capitalization of £423.79 million, a PE ratio of -6.91 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. The business's 50 day moving average is GBX 7.32 and its two-hundred day moving average is GBX 7.08.

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.

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