SolGold Plc (LON:SOLG – Get Free Report) shares were 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). 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 Stock Up 13.1%
The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66. The company’s fifty day simple moving average is GBX 7.40 and its 200 day simple moving average is GBX 7.10. 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 related news, insider Paul Smith acquired 9,587 shares of the 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). Insiders have bought 185,842 shares of company stock valued at $1,858,420 in the last ninety days. Company 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.
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