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

Solstice Gold Corp. (CVE:SGC) shares fell 14.3% during mid-day trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. 683,300 shares changed hands during trading, a decline of 7% from the average session volume of 734,122 shares. The stock had previously closed at C$0.04.

Solstice Gold Stock Down 14.3 %

The company has a current ratio of 4.36, a quick ratio of 6.94 and a debt-to-equity ratio of 10.89. The company has a 50 day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02. The firm has a market capitalization of C$6.01 million, a P/E ratio of -3.00 and a beta of 1.94.

Insider Activity

In other Solstice Gold news, Director Blair Schultz purchased 11,000,000 shares of Solstice Gold stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of C$0.01 per share, for a total transaction of C$110,000.00. Company insiders own 38.37% of the company’s stock.

About Solstice Gold

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.