SolGold (LON:SOLG) Trading Up 14% - Still a Buy?

Key Points

• SolGold's stock increased by 14% to GBX 12.88 ($0.17) during trading on Monday, with trading volume up by 588% compared to its average daily volume.
• Insider Paul Smith purchased 9,587 shares at an average price of GBX 10 ($0.13), contributing to a total of 185,842 shares bought by insiders in the last 90 days.
• SolGold is focused on the exploration and development of copper-gold deposits in Ecuador, which is part of the under-explored Andean Copper Belt.

SolGold Plc (LON:SOLG - )'s stock price was up 14% during 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 changed 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 Trading Up 14.0%

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

Insider Buying and Selling

In related news, insider Paul Smith purchased 9,587 shares of the business's stock in a transaction on Tuesday, July 29th. The shares were bought at an average cost of GBX 10 ($0.13) per share, with a total value of £958.70 ($1,274.19). Insiders have acquired 185,842 shares of company stock valued at $1,858,420 over the last 90 days. 52.84% of the stock is currently 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.

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