SolGold (LON:SOLG) Shares Up 25.9% – Here’s What Happened

SolGold Plc (LON:SOLG) shares shot up 25.9% on Saturday . The stock traded as high as GBX 15.10 ($0.20) and last traded at GBX 14.98 ($0.20). 43,666,074 shares changed hands during trading, an increase of 598% from the average session volume of 6,257,646 shares. The stock had previously closed at GBX 11.90 ($0.16).

SolGold Stock Performance

The firm’s 50 day moving average is GBX 8.62 and its two-hundred day moving average is GBX 7.52. The stock has a market capitalization of £561.81 million, a PE ratio of -9.17 and a beta of 1.20. The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75.

Insider Activity at SolGold

In other news, insider Paul Smith acquired 9,587 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were bought at an average cost of GBX 10 ($0.14) per share, with a total value of £958.70 ($1,300.11). Over the last quarter, insiders have purchased 185,842 shares of company stock valued at $1,858,420. Corporate 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.