SolGold (LON:SOLG) Trading Up 25.9% - Time to Buy?

Key Points

• Shares of SolGold Plc surged by 25.9%, reaching a high of GBX 15.10 ($0.20), amid a significant increase in trading volume of approximately 43.67 million shares.
• The company's financial metrics reveal a strong current ratio of 3.75 with significant insider activity, including the purchase of 185,842 shares by insiders over the last three months.
• SolGold focuses on the exploration and development of copper-gold deposits in Ecuador, a region noted for its potential within the Andean Copper Belt.

SolGold Plc (LON:SOLG - Get Free Report) traded up 25.9% during trading on Saturday . The company traded as high as GBX 15.10 ($0.20) and last traded at GBX 14.98 ($0.20). 43,666,074 shares were traded during mid-day trading, an increase of 598% from the average session volume of 6,257,646 shares. The stock had previously closed at GBX 11.90 ($0.16).

SolGold Trading Down 0.5%

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 stock's fifty day moving average price is GBX 8.92 and its 200 day moving average price is GBX 7.62. The stock has a market capitalization of £523.18 million, a P/E ratio of -8.54 and a beta of 1.20.

Insider Transactions at SolGold

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