Solstice Gold (CVE:SGC) Stock Price Up 100% – Still a Buy?

Solstice Gold Corp. (CVE:SGC)’s share price rose 100% during mid-day trading on Tuesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 5,090,426 shares changed hands during 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 Trading Up 100.0 %

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

Insider Buying and Selling

In related news, Director Blair Schultz acquired 11,000,000 shares of the firm’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, with a total value of C$110,000.00. 38.37% of the stock is owned by 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.