SolGold (LON:SOLG) Stock Price Up 19.2% - Time to Buy?
SolGold Plc's stock price surged 19.2% to GBX 18.14 during trading, with a significant increase in volume. Analysts maintain a "speculative buy" rating with a target price of GBX 46. The company has a market cap of £544.40 million and a P/E ratio of -1,511.67. Insider activity shows recent purchases, indicating confidence in the stock. Despite the positive outlook, some analysts suggest there are better investment options available.
SolGold Plc (LON:SOLG - Get Free Report)'s share price rose 19.2% during trading on Monday . The stock traded as high as GBX 18.20 ($0.24) and last traded at GBX 18.14 ($0.24). Approximately 29,363,689 shares changed hands during trading, an increase of 317% from the average daily volume of 7,037,392 shares. The stock had previously closed at GBX 15.22 ($0.20).
Analyst Ratings Changes
Separately, Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 46 price target on shares of SolGold in a research note on Monday, September 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of GBX 46.
Check Out Our Latest Analysis on SOLG
SolGold Stock Performance
The company has a market cap of £544.40 million, a P/E ratio of -1,511.67 and a beta of 1.20. The company's 50-day moving average price is GBX 15.04 and its two-hundred day moving average price is GBX 9.91. 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 the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average price of GBX 10 per share, with a total value of £958.70. Insiders acquired 185,842 shares of company stock worth $1,858,420 over the last three months. Corporate insiders own 4.86% of the company's stock.
About SolGold
(Get Free Report)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.
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