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

Shares of SolGold Plc (LON:SOLG) were up 13.1% during mid-day 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 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 current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66. The stock 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 market cap of £423.79 million, a price-to-earnings ratio of -6.91 and a beta of 1.20.

Insider Transactions at SolGold

In other SolGold news, insider Paul Smith purchased 41,831 shares of SolGold stock in a transaction on Tuesday, July 29th. The stock was bought at an average price of GBX 10 ($0.13) per share, for a total transaction of £4,183.10 ($5,554.51). In the last ninety days, insiders acquired 185,842 shares of company stock worth $1,858,420. 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.