Solstice Gold (CVE:SGC) Shares Up 100% – Here’s What Happened

Shares of Solstice Gold Corp. (CVE:SGC) rose 100% on Tuesday . The stock 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 Stock Performance

The company has a quick ratio of 6.94, a current ratio of 4.36 and a debt-to-equity ratio of 10.89. The firm has a market cap of C$7.01 million, a P/E ratio of -3.50 and a beta of 1.94. The business has a fifty day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02.

Insider Buying and Selling

In related news, Director Blair Schultz purchased 11,000,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of C$0.01 per share, for a total transaction of C$110,000.00. 38.37% of the stock is owned by company insiders.

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.