SolGold (LON:SOLG – Get Free Report)‘s stock had its “speculative buy” rating reaffirmed by investment analysts at Canaccord Genuity Group in a research note issued to investors on Monday,Digital Look reports. They currently have a GBX 46 price objective on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 199.97% from the company’s current price.
SolGold Stock Performance
Shares of SOLG opened at GBX 15.34 on Monday. The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30. SolGold has a one year low of GBX 5.54 and a one year high of GBX 16.51. The firm has a market capitalization of £460.22 million, a P/E ratio of -1,394.09 and a beta of 1.20. The business has a fifty day moving average of GBX 10.17 and a 200 day moving average of GBX 8.05.
Insider Activity at SolGold
In other news, insider Paul Smith acquired 9,587 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The stock was bought at an average price of GBX 10 per share, with a total value of £958.70. Insiders acquired a total of 185,842 shares of company stock valued at $1,858,420 over the last three months. Insiders own 4.83% of the company’s stock.
SolGold Company Profile
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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