SolGold (LON:SOLG) Trading Up 25.9% - Still a Buy?

Key Points

• SolGold Plc's share price increased by 25.9% to GBX 14.98 ($0.20), significantly higher than its previous close of GBX 11.90 ($0.16).
• The company reported a high trading volume of approximately 43.7 million shares, marking an increase of 598% over its average daily volume.
• Corporate insiders own 52.84% of the stock, with notable insider Paul Smith purchasing 9,587 shares at an average price of GBX 10 ($0.14), totaling £958.70.

SolGold Plc (LON:SOLG - )'s share price was up 25.9% on Friday . The company traded as high as GBX 15.10 ($0.20) and last traded at GBX 14.98 ($0.20). Approximately 43,666,074 shares changed hands during trading, an increase of 598% from the average daily volume of 6,257,646 shares. The stock had previously closed at GBX 11.90 ($0.16).

SolGold Stock Up 25.9%

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 company has a market cap of £561.81 million, a PE ratio of -9.17 and a beta of 1.20. The company has a fifty day moving average price of GBX 8.62 and a 200 day moving average price of GBX 7.51.

Insider Transactions at SolGold

In other news, insider Paul Smith bought 9,587 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was acquired at an average price of GBX 10 ($0.14) per share, with a total value of £958.70 ($1,299.40). Insiders purchased a total of 185,842 shares of company stock valued at $1,858,420 over the last ninety days. 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.

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