SolGold (LON:SOLG) Trading 13.1% Higher – What’s Next?

SolGold Plc (LON:SOLG) shares traded up 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). 16,444,152 shares changed hands during 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 Stock Performance

The company has a market cap of £423.79 million, a price-to-earnings ratio of -6.91 and a beta of 1.20. The firm has a 50-day simple moving average of GBX 7.40 and a 200 day simple moving average of GBX 7.10. The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66.

Insider Activity

In other SolGold news, insider Paul Smith acquired 41,831 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average price of GBX 10 ($0.13) per share, with a total value of £4,183.10 ($5,554.51). Insiders purchased a total of 185,842 shares of company stock valued at $1,858,420 over the last quarter. Insiders own 52.84% of the company’s stock.

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.