SolGold (LON:SOLG) Trading 15.1% Higher – Should You Buy?

SolGold Plc (LON:SOLG) shares traded up 15.1% on Tuesday . The stock traded as high as GBX 16.51 ($0.22) and last traded at GBX 16.42 ($0.22). 26,891,641 shares changed hands during mid-day trading, an increase of 318% from the average session volume of 6,441,072 shares. The stock had previously closed at GBX 14.26 ($0.19).

SolGold Price Performance

The company’s 50-day moving average price is GBX 9.50 and its two-hundred day moving average price is GBX 7.82. The company has a market cap of £615.81 million, a P/E ratio of -10.05 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 Buying and Selling at SolGold

In related 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 per share, with a total value of £958.70. Over the last ninety days, insiders have bought 185,842 shares of company stock valued at $1,858,420. 52.84% of the stock is currently owned by 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.