SolGold (LON:SOLG) Stock Price Up 13.1% – Should You Buy?

SolGold Plc (LON:SOLG)’s share price rose 13.1% during mid-day 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 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 company has a market capitalization of £423.79 million, a price-to-earnings ratio of -6.91 and a beta of 1.20. The company has a 50-day moving average price of GBX 7.40 and a 200-day moving average price of GBX 7.10. The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75.

Insider Activity

In related news, insider Paul Smith bought 41,831 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The stock was bought at an average cost of GBX 10 ($0.13) per share, for a total transaction of £4,183.10 ($5,554.51). In the last three months, insiders bought 185,842 shares of company stock worth $1,858,420. 52.84% of the stock is currently owned by insiders.

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.