SolGold (LON:SOLG) Shares Up 25.9% – Should You Buy?

SolGold Plc (LON:SOLG) shares shot up 25.9% during trading on Saturday . The company 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 mid-day 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 market cap of £561.81 million, a PE ratio of -9.17 and a beta of 1.20. The business has a 50-day simple moving average of GBX 8.62 and a 200-day simple moving average of GBX 7.52. The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66.

Insider Buying and Selling at SolGold

In related news, insider Paul Smith acquired 41,831 shares of SolGold stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average price of GBX 10 ($0.14) per share, for a total transaction of £4,183.10 ($5,672.77). Insiders purchased a total of 185,842 shares of company stock valued at $1,858,420 in the last quarter. 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.