SolGold (LON:SOLG) Stock Price Up 13.1% – Here’s Why

SolGold Plc (LON:SOLG) rose 13.1% during trading on Saturday . The stock traded as high as GBX 11.30 ($0.15) and last traded at GBX 11.30 ($0.15). Approximately 16,444,152 shares were traded during mid-day trading, an increase of 202% from the average daily volume of 5,439,694 shares. The stock had previously closed at GBX 9.99 ($0.13).

SolGold Price Performance

The firm has a fifty day moving average of GBX 7.40 and a 200 day moving average of GBX 7.10. The company has a market capitalization of £423.79 million, a P/E ratio of -6.91 and a beta of 1.20. The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66.

Insider Activity

In other news, insider Paul Smith purchased 9,587 shares of the business’s stock in a transaction on Tuesday, July 29th. The stock was acquired at an average cost of GBX 10 ($0.13) per share, for a total transaction of £958.70 ($1,273.00). In the last ninety days, insiders bought 185,842 shares of company stock worth $1,858,420. 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.