SolGold (LON:SOLG) Trading Up 25.9% - What's Next?

Key Points

• SolGold's stock price surged by 25.9% on Friday, with shares trading as high as GBX 15.10 ($0.20), up from a previous close of GBX 11.90 ($0.16).
• Insider trading activity shows confidence in SolGold, with insiders purchasing a total of 185,842 shares worth over $1.8 million in the last ninety days.
• SolGold is focused on discovering and developing world-class copper-gold deposits in Ecuador, benefiting from first-mover advantage in an under-explored region.

SolGold Plc (LON:SOLG - )'s share price was up 25.9% on Friday . The stock traded as high as GBX 15.10 ($0.20) and last traded at GBX 14.98 ($0.20). Approximately 43,666,074 shares traded 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 firm has a 50-day simple moving average of GBX 8.62 and a two-hundred day simple moving average of GBX 7.51. The company has a market cap of £561.81 million, a PE ratio of -9.17 and a beta of 1.20.

Insiders Place Their Bets

In other SolGold news, insider Paul Smith acquired 41,831 shares of the firm's stock in a transaction dated Tuesday, July 29th. The shares were acquired at an average price of GBX 10 ($0.14) per share, for a total transaction of £4,183.10 ($5,669.69). Insiders acquired a total of 185,842 shares of company stock worth $1,858,420 over the last ninety days. Company insiders own 52.84% of the company's stock.

About SolGold

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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