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

SolGold Plc (LON:SOLG) shares shot 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 were traded 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 Trading Up 13.1%

The business has a 50 day moving average of GBX 7.40 and a two-hundred day moving average of GBX 7.10. 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 firm has a market cap of £423.79 million, a P/E ratio of -6.91 and a beta of 1.20.

Insiders Place Their Bets

In other SolGold news, insider Paul Smith purchased 9,587 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The shares were acquired at an average price of GBX 10 ($0.13) per share, for a total transaction of £958.70 ($1,273.00). In the last quarter, insiders acquired 185,842 shares of company stock valued at $1,858,420. 52.84% of the stock is currently owned by corporate 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.