SolGold (LON:SOLG) Trading 13.1% Higher – Still a Buy?

SolGold Plc (LON:SOLG)’s share price traded up 13.1% on Saturday . The company traded as high as GBX 11.30 ($0.15) and last traded at GBX 11.30 ($0.15). 16,444,152 shares changed hands during mid-day trading, an increase of 202% from the average session volume of 5,439,694 shares. The stock had previously closed at GBX 9.99 ($0.13).

SolGold Price Performance

The business’s 50 day moving average is GBX 7.40 and its two-hundred day moving average is 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. The firm has a market capitalization of £423.79 million, a PE ratio of -6.91 and a beta of 1.20.

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 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). Over the last ninety days, insiders have acquired 185,842 shares of company stock valued at $1,858,420. 52.84% of the stock is owned by company 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.