SolGold (LON:SOLG) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Shares of SolGold Plc (LON:SOLG) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 9.65 ($0.13) and traded as low as GBX 9.28 ($0.12). SolGold shares last traded at GBX 9.64 ($0.13), with a volume of 2,559,550 shares trading hands.

SolGold Stock Performance

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 company has a market cap of £284.10 million, a price-to-earnings ratio of -947.00 and a beta of 1.20. The stock has a 50-day moving average price of GBX 9.83 and a 200 day moving average price of GBX 9.65.

Insiders Place Their Bets

In related news, insider Charles Joseland bought 86,000 shares of SolGold stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average cost of GBX 11 ($0.14) per share, with a total value of £9,460 ($12,353.09). In other SolGold news, insider Charles Joseland purchased 86,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of GBX 11 ($0.14) per share, with a total value of £9,460 ($12,353.09). Also, insider Nicholas Mather sold 250,000 shares of SolGold stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of GBX 10 ($0.13), for a total transaction of £25,000 ($32,645.60). Corporate insiders own 52.84% of the company’s stock.

SolGold Company Profile

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.