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SolGold (LON:SOLG) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

SolGold logo with Basic Materials background

SolGold Plc (LON:SOLG - Get Free Report) 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 traded.

SolGold Stock Up 2.1 %

The firm's 50 day simple moving average is GBX 9.72 and its two-hundred day simple moving average is GBX 9.62. The firm has a market cap of £277.80 million, a price-to-earnings ratio of -926.00 and a beta of 1.20. The company has a current ratio of 0.53, a quick ratio of 2.30 and a debt-to-equity ratio of 78.22.

Insider Buying and Selling at SolGold

In other SolGold news, insider Charles Joseland acquired 86,000 shares of SolGold stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average price of GBX 11 ($0.14) per share, with a total value of £9,460 ($12,282.52). In related news, insider Charles Joseland bought 86,000 shares of SolGold stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of GBX 11 ($0.14) per share, for a total transaction of £9,460 ($12,282.52). Also, insider Nicholas Mather sold 250,000 shares of the company's 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). Corporate insiders own 52.84% of the company's stock.

About SolGold

(Get Free Report)

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.

Further Reading

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