SolGold’s (SOLG) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their speculative buy rating on shares of SolGold (LON:SOLG) in a research note published on Monday, Marketbeat.com reports. They currently have a GBX 46 price target on the stock.

SolGold Stock Up 0.3%

SolGold stock opened at GBX 15.86 on Monday. The firm has a market cap of £475.98 million, a price-to-earnings ratio of -1,441.82 and a beta of 1.20. SolGold has a 52-week low of GBX 5.54 and a 52-week high of GBX 16.51. The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75. The firm has a 50 day moving average price of GBX 10.70 and a two-hundred day moving average price of GBX 8.22.

Insider Activity at SolGold

In other SolGold news, insider Paul Smith bought 9,587 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The stock was acquired at an average price of GBX 10 per share, with a total value of £958.70. In the last 90 days, insiders bought 185,842 shares of company stock worth $1,858,420. 4.83% of the stock is owned by corporate insiders.

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.