SolGold (LON:SOLG) Shares Cross Below 50 Day Moving Average - Time to Sell?

SolGold Plc (LON:SOLG - Get Free Report)'s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 9.54 ($0.12) and traded as low as GBX 8.10 ($0.11). SolGold shares last traded at GBX 8.16 ($0.11), with a volume of 3,846,242 shares traded.

SolGold Price Performance

The stock's 50-day moving average is GBX 9.54 and its 200 day moving average is GBX 9.58. The stock has a market capitalization of £243 million, a PE ratio of -822.10 and a beta of 1.20. The company has a quick ratio of 2.30, a current ratio of 0.53 and a debt-to-equity ratio of 78.22.

Insider Buying and Selling at SolGold

In other news, insider Nicholas Mather sold 250,000 shares of the business's stock in a transaction on Monday, August 12th. The shares were sold at an average price of GBX 10 ($0.13), for a total value of £25,000 ($32,543.61). 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.