SolGold (LON:SOLG) Rating Reiterated by Peel Hunt

Peel Hunt reiterated their buy rating on shares of SolGold (LON:SOLG) in a research report released on Friday, ThisIsMoney.Co.Uk reports.

SOLG has been the topic of a number of other reports. Liberum Capital reaffirmed a buy rating on shares of SolGold in a research note on Wednesday, July 3rd. Shore Capital reaffirmed a not rated rating on shares of SolGold in a research note on Friday, June 21st.

Shares of SOLG opened at GBX 26.75 ($0.35) on Friday. The firm’s 50 day simple moving average is GBX 29.15 and its 200 day simple moving average is GBX 34.34. The company has a market capitalization of $493.89 million and a P/E ratio of -33.44. SolGold has a 1-year low of GBX 20.50 ($0.27) and a 1-year high of GBX 45.05 ($0.59).

In related news, insider Nicholas Mather sold 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of GBX 28 ($0.37), for a total value of £112,000 ($146,347.84).

About SolGold

SolGold plc, together with its subsidiaries, engages in the exploration of mineral properties in Ecuador, Australia, and Solomon Islands. The company primarily explores for gold, copper, and silver deposits. Its flagship project is the Cascabel project that covers an area of approximately 50 square kilometers located in Quito, Ecuador.

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