Insider Buying: SolGold Plc (LON:SOLG) Insider Buys 41,831 Shares of Stock

Key Points

• Insider Paul Smith of SolGold Plc purchased 41,831 shares at an average price of GBX 10, totaling £4,183.10.
• The shares opened at GBX 10.10 on Thursday and have a 52-week range between GBX 5.54 and GBX 11.48.
• SolGold is focused on discovering and developing copper-gold deposits in the under-explored section of the Andean Copper Belt in Ecuador.

SolGold Plc (LON:SOLG - Get Free Report) insider Paul Smith bought 41,831 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The stock was purchased at an average cost of GBX 10 ($0.13) per share, with a total value of £4,183.10 ($5,554.51).

Paul Smith also recently made the following trade(s):

• On Tuesday, July 29th, Paul Smith bought 9,587 shares of SolGold stock. The stock was purchased at an average cost of GBX 10 ($0.13) per share, with a total value of £958.70 ($1,273.00).
• On Tuesday, July 29th, Paul Smith bought 8,479 shares of SolGold stock. The stock was purchased at an average cost of GBX 10 ($0.13) per share, with a total value of £847.90 ($1,125.88).
• On Tuesday, July 29th, Paul Smith bought 31,184 shares of SolGold stock. The stock was purchased at an average cost of GBX 10 ($0.13) per share, with a total value of £3,118.40 ($4,140.75).
• On Tuesday, July 29th, Paul Smith bought 22,924 shares of SolGold stock. The stock was purchased at an average cost of GBX 10 ($0.13) per share, with a total value of £2,292.40 ($3,043.95).
• On Tuesday, July 29th, Paul Smith acquired 10,000 shares of SolGold stock. The shares were bought at an average cost of GBX 10 ($0.13) per share, with a total value of £1,000 ($1,327.84).
• On Tuesday, July 29th, Paul Smith bought 16,000 shares of SolGold stock. The shares were acquired at an average cost of GBX 10 ($0.13) per share, with a total value of £1,600 ($2,124.55).
• On Tuesday, July 29th, Paul Smith bought 7,437 shares of SolGold stock. The shares were acquired at an average cost of GBX 10 ($0.13) per share, with a total value of £743.70 ($987.52).
• On Tuesday, July 29th, Paul Smith bought 38,400 shares of SolGold stock. The shares were acquired at an average cost of GBX 10 ($0.13) per share, with a total value of £3,840 ($5,098.92).

SolGold Stock Performance

Shares of SOLG stock traded up GBX 1.58 ($0.02) during trading hours on Monday, reaching GBX 12.88 ($0.17). 38,991,313 shares of the company's stock were exchanged, compared to its average volume of 5,669,705. The company has a market cap of £483.05 million, a P/E ratio of -7.88 and a beta of 1.20. The company's 50 day moving average is GBX 7.40 and its two-hundred day moving average is GBX 7.10. SolGold Plc has a 1 year low of GBX 5.54 ($0.07) and a 1 year high of GBX 13.54 ($0.18). The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30.

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.