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

Solstice Gold Corp. (CVE:SGC)’s share price fell 14.3% during trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. 240,734 shares traded hands 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 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 50-day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02. The firm has a market cap of C$6.01 million, a PE ratio of -3.00 and a beta of 1.94.

Insider Buying and Selling

In related news, Director Blair Schultz bought 11,000,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was purchased 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 currently 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.