SolGold Director Sells Shares to Cover Tax Obligations

SolGold ( (GB:SOLG) ) has issued an update.

SolGold plc announced that Scott Caldwell, a Non-Executive Director, has sold 2,000,000 ordinary shares at a price of CAD0.1253 per share, totaling CAD250,600, to offset tax obligations. This transaction reduces Caldwell’s holding to 17,462,244 shares, representing 0.5819% of the company’s issued share capital. This move is part of routine director dealings and does not indicate any strategic shift in the company’s operations or market positioning.

Spark’s Take on GB:SOLG Stock

According to Spark, TipRanks’ AI Analyst, GB:SOLG is a Neutral.

SolGold’s financial challenges, marked by persistent losses and negative cash flows, heavily impact its score. Corporate events offer some optimism with strategic investments and governance improvements, but valuation remains poor.

To see Spark’s full report on GB:SOLG stock, click here.

More about SolGold

SolGold is a leading resources company focused on the discovery, definition, and development of world-class copper and gold deposits. The company aims to deliver its objectives efficiently and in the interests of its shareholders.

Average Trading Volume: 7,888,655

Technical Sentiment Signal: Strong Sell

Current Market Cap: £213.4M

See more insights into SOLG stock on TipRanks’ Stock Analysis page.