SolGold (LON:SOLG) Trading 25.9% Higher – Should You Buy?

SolGold Plc (LON:SOLG) shares traded up 25.9% during mid-day 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 Price Performance

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

Insider Activity

In other SolGold news, insider Paul Smith purchased 9,587 shares of SolGold 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 £958.70 ($1,300.11). Insiders have bought a total of 185,842 shares of company stock worth $1,858,420 over the last 90 days. 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.