SolGold Plc (LON:SOLG - Get Free Report) shares shot up 19.2% on Monday . The company traded as high as GBX 18.20 ($0.24) and last traded at GBX 18.14 ($0.24). 29,363,689 shares traded hands during trading, an increase of 317% from the average session volume of 7,037,392 shares. The stock had previously closed at GBX 15.22 ($0.20).
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reissued a "speculative buy" rating and set a GBX 46 target price on shares of SolGold in a report on Monday, September 1st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, SolGold presently has an average rating of "Buy" and an average target price of GBX 46.
Check Out Our Latest Stock Report on SOLG
SolGold Price Performance
The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75. The business has a fifty day moving average price of GBX 15.15 and a 200 day moving average price of GBX 9.99. The company has a market cap of £544.40 million, a price-to-earnings ratio of -1,511.67 and a beta of 1.20.
Insider Transactions at SolGold
In other SolGold news, insider Paul Smith bought 41,831 shares of the firm's stock in a transaction on Tuesday, July 29th. The shares were purchased at an average price of GBX 10 per share, for a total transaction of £4,183.10. Insiders bought a total of 185,842 shares of company stock valued at $1,858,420 in the last quarter. Insiders own 4.86% of the company's stock.
About SolGold
(
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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