Shares of SolGold Plc (
LON:SOLG -
Get Free Report) shot up 15.1% on Wednesday . The company traded as high as GBX 16.51 ($0.22) and last traded at GBX 16.42 ($0.22). 26,891,641 shares traded hands during trading, an increase of 318% from the average session volume of 6,441,072 shares. The stock had previously closed at GBX 14.26 ($0.19).
SolGold Price Performance
The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30. The business's 50-day moving average price is GBX 9.69 and its two-hundred day moving average price is GBX 7.88. The firm has a market cap of £591.06 million, a price-to-earnings ratio of -9.64 and a beta of 1.20.
Insiders Place Their Bets
In related news, insider Paul Smith bought 41,831 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was bought at an average price of GBX 10 per share, with a total value of £4,183.10. Over the last ninety days, insiders have acquired 185,842 shares of company stock worth $1,858,420. 52.84% of the stock is owned by company insiders.
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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