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SolGold (LON:SOLG) Trading Up 14% - Should You Buy?

SolGold logo with Basic Materials background

Key Points

  • SolGold Plc's stock rose by 14% during mid-day trading, reaching as high as GBX 13.54 after closing at GBX 11.30 previously.
  • The company's insider activity revealed that insider Paul Smith purchased nearly 10,000 shares, indicating confidence in the company's future performance.
  • SolGold is a prominent exploration company focused on copper-gold deposits in Ecuador, a region noted for its untapped mineral potential.
  • MarketBeat previews the top five stocks to own by September 1st.

SolGold Plc (LON:SOLG - Get Free Report)'s stock price was up 14% during mid-day trading on Monday . The company traded as high as GBX 13.54 ($0.18) and last traded at GBX 12.88 ($0.17). Approximately 38,991,313 shares traded hands during trading, an increase of 588% from the average daily volume of 5,669,705 shares. The stock had previously closed at GBX 11.30 ($0.15).

SolGold Price Performance

The business has a fifty day simple moving average of GBX 7.40 and a 200 day simple moving average of 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. The stock has a market capitalization of £483.05 million, a P/E ratio of -7.88 and a beta of 1.20.

Insider Activity at SolGold

In other SolGold news, insider Paul Smith bought 9,587 shares of the business's stock in a transaction dated 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 ($1,274.19). In the last ninety days, insiders acquired 185,842 shares of company stock valued at $1,858,420. Corporate insiders own 52.84% of the company's stock.

SolGold Company Profile

(Get Free Report)

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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