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

Key Points

• Shares of SolGold Plc increased by 13.1%, trading at GBX 11.30 ($0.15) with a volume surge of 202% from its average daily trading.
• The company has a market cap of £423.79 million and a debt-to-equity ratio of 78.66, indicating a relatively high leverage.
• Insider buying activity is notable, with insiders purchasing 185,842 shares valued at approximately $1.86 million over the past three months.

Shares of SolGold Plc (LON:SOLG - Get Free Report) rose 13.1% on Saturday . The company traded as high as GBX 11.30 ($0.15) and last traded at GBX 11.30 ($0.15). Approximately 16,444,152 shares changed hands 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 Stock Up 16.8%

The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66. The stock has a market cap of £495.05 million, a price-to-earnings ratio of -8.08 and a beta of 1.20. The business's fifty day moving average is GBX 7.40 and its two-hundred day moving average is GBX 7.10.

Insider Buying and Selling

In other news, insider Paul Smith purchased 41,831 shares of the stock in a transaction on Tuesday, July 29th. The stock was bought at an average price of GBX 10 ($0.13) per share, for a total transaction of £4,183.10 ($5,554.51). In the last ninety days, insiders have purchased 185,842 shares of company stock worth $1,858,420. 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.