SolGold (LON:SOLG) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of SolGold Plc (LON:SOLG) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 9.62 ($0.12) and traded as low as GBX 8.80 ($0.11). SolGold shares last traded at GBX 9.26 ($0.12), with a volume of 938,047 shares.

SolGold Stock Up 2.1 %

The company has a quick ratio of 2.30, a current ratio of 0.53 and a debt-to-equity ratio of 78.22. The company has a market cap of £277.80 million, a P/E ratio of -926.00 and a beta of 1.20. The company has a fifty day moving average of GBX 9.72 and a 200 day moving average of GBX 9.62.

Insider Buying and Selling at SolGold

In related news, insider Nicholas Mather sold 250,000 shares of the business’s 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 ($32,459.10). In other news, insider Charles Joseland bought 86,000 shares of SolGold stock in a transaction that occurred on 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 ($12,282.52). Also, insider Nicholas Mather sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of GBX 10 ($0.13), for a total transaction of £25,000 ($32,459.10). Corporate insiders own 52.84% of the company’s stock.

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.