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

Solstice Gold Corp. (CVE:SGC) traded down 14.3% during mid-day trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. 240,734 shares changed hands during mid-day 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 market capitalization of C$6.01 million, a price-to-earnings ratio of -3.00 and a beta of 1.94. The stock has a 50 day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02. The company has a quick ratio of 6.94, a current ratio of 4.36 and a debt-to-equity ratio of 10.89.

Insider Activity at Solstice Gold

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