Solstice Gold (CVE:SGC) Trading 100% Higher – Here’s What Happened

Shares of Solstice Gold Corp. (CVE:SGC) rose 100% during mid-day trading on Monday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 5,090,426 shares changed hands during mid-day trading, an increase of 566% from the average daily volume of 763,887 shares. The stock had previously closed at C$0.02.

Solstice Gold Trading Up 100.0 %

The company has a 50 day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02. The company has a debt-to-equity ratio of 10.89, a quick ratio of 6.94 and a current ratio of 4.36. The firm has a market cap of C$6.01 million, a PE ratio of -3.00 and a beta of 1.94.

Insiders Place Their Bets

In other news, Director Blair Schultz purchased 11,000,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of C$0.01 per share, for a total transaction of C$110,000.00. Insiders own 38.37% of the company’s stock.

Solstice Gold Company Profile

Solstice Gold Corp. engages in the exploration for and development of mineral resource properties in Ontario and Nunavut, Canada. It primarily explores for gold and lithium deposits. The company was formerly known as Dunnedin Gold Inc and changed its name to Solstice Gold Corp. in September 2017. Solstice Gold Corp.