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

Key Points

• SolGold Plc shares rose by 25.9%, reaching a last traded price of GBX 14.98 ($0.20) after trading as high as GBX 15.10 during an increase in volume of 598% from average daily levels.
• The company holds a market cap of £561.81 million and has key financial ratios indicating strong liquidity, with a quick ratio of 2.30 and a current ratio of 3.75.
• Insider purchases indicate confidence in the company, with total buying activity reaching 185,842 shares worth approximately $1.86 million over the last quarter.

SolGold Plc (LON:SOLG - ) shares were up 25.9% during trading on Saturday . 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 Performance

The company has a market cap of £561.81 million, a price-to-earnings ratio of -9.17 and a beta of 1.20. The firm has a 50-day simple moving average of GBX 8.62 and a 200 day simple moving average of GBX 7.52. The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66.

Insider Buying and Selling

In other news, insider Paul Smith purchased 41,831 shares of the business's stock in a transaction on Tuesday, July 29th. The shares were bought at an average price of GBX 10 ($0.14) per share, with a total value of £4,183.10 ($5,669.69). Insiders purchased a total of 185,842 shares of company stock worth $1,858,420 over the last quarter. 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.

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