SolGold (LON:SOLG) Stock Price Up 13.1% – Time to Buy?

SolGold Plc (LON:SOLG) rose 13.1% during trading on Saturday . The company traded as high as GBX 11.30 ($0.15) and last traded at GBX 11.30 ($0.15). Approximately 16,444,152 shares changed hands 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 Trading Up 13.1%

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 company has a market capitalization of £423.79 million, a price-to-earnings ratio of -6.91 and a beta of 1.20. The business’s 50 day simple moving average is GBX 7.40 and its 200 day simple moving average is GBX 7.10.

Insider Buying and Selling at SolGold

In other news, insider Paul Smith bought 9,587 shares of the stock in a transaction dated Tuesday, July 29th. The shares were acquired at an average price of GBX 10 ($0.13) per share, with a total value of £958.70 ($1,273.00). Insiders have bought a total of 185,842 shares of company stock valued at $1,858,420 over the last quarter. 52.84% of the stock is owned by insiders.

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.