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

Shares of Solstice Gold Corp. (CVE:SGCGet Free Report) were down 14.3% during mid-day trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 240,400 shares traded hands during trading, a decline of 68% from the average daily volume of 751,394 shares. The stock had previously closed at C$0.04.

Solstice Gold Trading Down 14.3 %

The company has a market cap of C$6.01 million, a price-to-earnings ratio of -3.00 and a beta of 1.94. The business’s fifty day moving average price is C$0.02 and its 200 day moving average price is C$0.02. 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 related news, Director Blair Schultz acquired 11,000,000 shares of the company’s stock in a transaction dated 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. 38.37% of the stock is owned by company insiders.

Solstice Gold Company Profile

(Get Free Report)

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.

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