Solstice Gold (CVE:SGC) Trading Down 14.3% – What’s Next?

Shares of Solstice Gold Corp. (CVE:SGC) dropped 14.3% on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 207,400 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 739,303 shares. The stock had previously closed at C$0.04.

Solstice Gold Stock Down 14.3 %

The company has a current ratio of 4.36, a quick ratio of 6.94 and a debt-to-equity ratio of 10.89. The firm has a market cap of C$6.01 million, a price-to-earnings ratio of -3.00 and a beta of 1.94. The firm has a 50 day moving average price of C$0.02 and a 200-day moving average price of C$0.02.

Insiders Place Their Bets

In other news, Director Blair Schultz purchased 11,000,000 shares of the stock in a transaction on Friday, January 17th. The stock was purchased at an average price of C$0.01 per share, with a total value 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.