SolGold (LON:SOLG) Stock Price Up 13.1% - Still a Buy?

Key Points

• SolGold shares surged 13.1%, reaching GBX 11.30 ($0.15) during mid-day trading with a trading volume increase of 202% compared to the average.
• Insider Paul Smith purchased 9,587 shares at GBX 10 ($0.13), contributing to a total of 185,842 shares bought by insiders worth $1,858,420 in the past 90 days.
• SolGold is focused on discovering world-class copper-gold deposits in Ecuador, benefiting from a first mover advantage in the under-explored Andean Copper Belt.

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

SolGold Price Performance

The firm has a market capitalization of £483.05 million, a P/E ratio of -7.88 and a beta of 1.20. The business's fifty day moving average is GBX 7.40 and its 200 day moving average is GBX 7.10. The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66.

Insider Activity

In related news, insider Paul Smith bought 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, with a total value of £958.70 ($1,273.00). Over the last three months, insiders have acquired 185,842 shares of company stock worth $1,858,420. Company insiders own 52.84% of the company's stock.

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.