Solstice Gold (CVE:SGC) Trading Down 14.3% – What’s Next?

Solstice Gold Corp. (CVE:SGC) fell 14.3% during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. 306,500 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 686,542 shares. The stock had previously closed at C$0.04.

Solstice Gold Stock Performance

The stock has a 50 day moving average of C$0.02 and a 200 day 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. The firm has a market cap of C$6.01 million, a price-to-earnings ratio of -3.00 and a beta of 1.94.

Insider Activity

In related news, Director Blair Schultz acquired 11,000,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of C$0.01 per share, with a total value of C$110,000.00. Corporate 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.