SolGold Plc (LON:SOLG – Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 9.54 ($0.12) and traded as low as GBX 8.10 ($0.11). SolGold shares last traded at GBX 8.16 ($0.11), with a volume of 3,846,242 shares changing hands.
SolGold Stock Up 1.8 %
The company has a debt-to-equity ratio of 78.22, a current ratio of 0.53 and a quick ratio of 2.30. The firm’s 50-day moving average price is GBX 9.54 and its 200 day moving average price is GBX 9.58. The firm has a market capitalization of £249.30 million, a price-to-earnings ratio of -816.00 and a beta of 1.20.
Insiders Place Their Bets
In related news, insider Nicholas Mather sold 250,000 shares of SolGold stock in a transaction dated Monday, August 12th. The stock was sold at an average price of GBX 10 ($0.13), for a total transaction of £25,000 ($32,421.22). 52.84% of the stock is currently owned by company insiders.
About SolGold
SolGold Plc, a mineral exploration and development company, explores for and develops mineral properties in Ecuador, Australia, Chile, and Solomon Islands. The company primarily explores for copper, gold, silver, and molybdenum deposits. Its flagship project is the Cascabel Project that covers an area of approximately 50 square kilometers located in Imbabura province, Northern Ecuador.
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