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

Shares of SolGold Plc (LON:SOLG) shot up 25.9% during trading 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 were traded 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 Up 25.9%

The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30. The firm’s 50-day moving average is GBX 8.62 and its 200 day moving average is GBX 7.52. The stock has a market cap of £561.81 million, a price-to-earnings ratio of -9.17 and a beta of 1.20.

Insider Activity at SolGold

In other SolGold news, insider Paul Smith bought 41,831 shares of the business’s stock in a transaction dated Tuesday, July 29th. The shares were acquired at an average price of GBX 10 ($0.14) per share, with a total value of £4,183.10 ($5,672.77). Over the last quarter, insiders have acquired 185,842 shares of company stock valued at $1,858,420. Company insiders own 52.84% of the company’s stock.

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.