SolGold (LON:SOLG) Shares Up 24.8% - Time to Buy?

Key Points

• SolGold Plc saw a significant increase in its share price, rising by 24.8% during trading, with approximately 61 million shares changing hands.
• The company has a market capitalization of £561.81 million and a debt-to-equity ratio of 78.66, indicating a relatively high level of debt compared to equity.
• Insider trading activity shows positive sentiment, with company insiders purchasing 185,842 shares worth over $1.85 million in the last 90 days.

SolGold Plc (LON:SOLG - Get Free Report)'s stock price rose 24.8% on Friday . The company traded as high as GBX 14.98 ($0.20) and last traded at GBX 14.86 ($0.20). Approximately 61,314,367 shares traded hands during trading, an increase of 863% from the average daily volume of 6,369,344 shares. The stock had previously closed at GBX 11.90 ($0.16).

SolGold Trading Up 0.4%

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 business's 50-day moving average is GBX 9.06 and its two-hundred day moving average is GBX 7.66. The firm has a market cap of £528.05 million, a P/E ratio of -8.62 and a beta of 1.20.

Insider Transactions at SolGold

In other news, insider Paul Smith bought 41,831 shares of SolGold stock in a transaction on Tuesday, July 29th. The stock was purchased at an average cost of GBX 10 per share, with a total value of £4,183.10. Over the last ninety days, insiders have bought 185,842 shares of company stock worth $1,858,420. Insiders own 52.84% of the company's stock.

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.