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

SolGold Plc (LON:SOLG) shot up 25.9% on Friday . The company traded as high as GBX 15.10 ($0.20) and last traded at GBX 14.98 ($0.20). 43,666,074 shares traded 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 debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75. The company has a market capitalization of £561.81 million, a price-to-earnings ratio of -9.17 and a beta of 1.20. The stock’s fifty day simple moving average is GBX 8.62 and its two-hundred day simple moving average is GBX 7.51.

Insider Buying and Selling at SolGold

In other SolGold news, insider Paul Smith bought 41,831 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were bought at an average price of GBX 10 ($0.14) per share, for a total transaction of £4,183.10 ($5,669.69). In the last 90 days, insiders bought 185,842 shares of company stock valued at $1,858,420. 52.84% of the stock is owned by corporate insiders.

About SolGold

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.