Solstice Gold (CVE:SGC) Shares Down 14.3% – Here’s Why

Solstice Gold Corp. (CVE:SGCGet Free Report)’s share price fell 14.3% during trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. 240,734 shares were traded during trading, a decline of 68% from the average session volume of 751,424 shares. The stock had previously closed at C$0.04.

Solstice Gold Price Performance

The company has a debt-to-equity ratio of 10.89, a current ratio of 4.36 and a quick ratio of 6.94. The stock has a market capitalization of C$6.01 million, a P/E ratio of -3.00 and a beta of 1.94. The firm has a fifty day moving average of C$0.02 and a two-hundred day moving average of C$0.02.

Insider Activity

In related news, Director Blair Schultz bought 11,000,000 shares of the stock in a transaction on Friday, January 17th. The stock was bought at an average price 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

(Get Free Report)

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.

Further Reading

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