SolGold (LON:SOLG) Trading Up 25.9% – Time to Buy?

SolGold Plc (LON:SOLG)’s share price was 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). Approximately 43,666,074 shares changed hands during trading, an increase of 598% from the average daily 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 quick ratio of 2.30 and a current ratio of 3.75. 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 firm has a fifty day simple moving average of GBX 8.62 and a 200-day simple moving average of GBX 7.52.

Insider Buying and Selling at SolGold

In other news, insider Paul Smith bought 9,587 shares of the company’s stock in a transaction dated Tuesday, July 29th. The stock was bought at an average price of GBX 10 ($0.14) per share, with a total value of £958.70 ($1,300.11). Insiders acquired a total of 185,842 shares of company stock worth $1,858,420 over the last three months. 52.84% of the stock is currently owned by company 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.