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

Solstice Gold Corp. (CVE:SGC)’s share price dropped 14.3% during mid-day trading on Friday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 240,734 shares were traded during trading, a decline of 68% from the average daily volume of 751,424 shares. The stock had previously closed at C$0.04.

Solstice Gold Stock Down 14.3 %

The firm has a fifty day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02. 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 company has a debt-to-equity ratio of 10.89, a quick ratio of 6.94 and a current ratio of 4.36.

Insider Buying and Selling at Solstice Gold

In other news, Director Blair Schultz bought 11,000,000 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was bought at an average price of C$0.01 per share, with a total value of C$110,000.00. Insiders own 38.37% of the company’s stock.

About Solstice Gold

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.