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

Solstice Gold Corp. (CVE:SGC)’s share price traded down 14.3% during trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. 240,734 shares changed 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 Down 14.3 %

The business’s 50 day moving average is C$0.02 and its 200-day moving average is C$0.02. The company has a market cap of C$6.01 million, a PE ratio of -3.00 and a beta of 1.94. The company has a debt-to-equity ratio of 10.89, a current ratio of 4.36 and a quick ratio of 6.94.

Insider Transactions at Solstice Gold

In other news, Director Blair Schultz purchased 11,000,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average price of C$0.01 per share, for a total transaction 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.