SolGold (LON:SOLG) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

SolGold Plc (LON:SOLG)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

SolGold Trading Up 2.1 %

The company has a 50-day moving average of GBX 9.72 and a 200 day moving average of GBX 9.62. 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 £277.80 million, a PE ratio of -926.00 and a beta of 1.20.

Insider Activity

In related news, insider Nicholas Mather sold 250,000 shares of the stock in a transaction 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). In other news, insider Charles Joseland acquired 86,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was acquired at an average price 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 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 value of £25,000 ($32,459.10). 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.