Solstice Gold (CVE:SGC) Trading Down 14.3% – Here’s What Happened

Solstice Gold Corp. (CVE:SGC) shares dropped 14.3% during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 683,300 shares changed hands during trading, a decline of 7% from the average daily volume of 734,122 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$7.01 million, a price-to-earnings ratio of -3.50 and a beta of 1.94. The stock’s 50 day simple moving average is C$0.02 and its 200-day simple moving average is C$0.02.

Insider Buying and Selling at Solstice Gold

In other news, Director Blair Schultz acquired 11,000,000 shares of Solstice Gold stock in a transaction dated Friday, January 17th. The stock was acquired at an average cost of C$0.01 per share, for a total transaction of C$110,000.00. Corporate 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.