SolGold (LON:SOLG) Stock Price Up 19.2% - Time to Buy?

SolGold Plc (LON:SOLG - Get Free Report)'s share price rose 19.2% during trading on Monday . The stock traded as high as GBX 18.20 ($0.24) and last traded at GBX 18.14 ($0.24). Approximately 29,363,689 shares changed hands during trading, an increase of 317% from the average daily volume of 7,037,392 shares. The stock had previously closed at GBX 15.22 ($0.20).Analyst Ratings ChangesSeparately, Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 46 price target on shares of SolGold in a research note on Monday, September 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of GBX 46.Check Out Our Latest Analysis on SOLGSolGold Stock PerformanceThe company has a market cap of £544.40 million, a P/E ratio of -1,511.67 and a beta of 1.20. The company's 50-day moving average price is GBX 15.04 and its two-hundred day moving average price is GBX 9.91. The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66. Insider Activity at SolGoldIn related news, insider Paul Smith purchased 9,587 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average price of GBX 10 per share, with a total value of £958.70. Insiders acquired 185,842 shares of company stock worth $1,858,420 over the last three months. Corporate insiders own 4.86% of the company's stock. About SolGold (Get Free Report)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.Further ReadingFive stocks we like better than SolGoldWhat is a Stock Market Index and How Do You Use Them?Datavault: A Speculative AI Play, But Beware of VolatilityHow to Read Stock Charts for BeginnersTraders Are Piling Into Suncor Call Options—Should You?How to Short a Stock in 5 Easy Steps Delta Air Lines Stock Looks Ready to Fly to New HighsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in SolGold Right Now?Before you consider SolGold, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SolGold wasn't on the list.While SolGold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here