SolGold (LON:SOLG) Shares Up 25.9% – What’s Next?

SolGold Plc (LON:SOLG) 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 Price Performance

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 stock has a market cap of £561.81 million, a P/E ratio of -9.17 and a beta of 1.20. The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66.

Insider Activity at SolGold

In related news, insider Paul Smith purchased 9,587 shares of SolGold stock in a transaction on Tuesday, July 29th. The shares were purchased at an average price of GBX 10 ($0.14) per share, for a total transaction of £958.70 ($1,300.11). In the last 90 days, insiders bought 185,842 shares of company stock valued at $1,858,420. 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.