Solstice Gold (CVE:SGC) Trading Down 16.7% – Here’s Why

Solstice Gold Corp. (CVE:SGC) fell 16.7% on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. 391,823 shares changed hands during trading, a decline of 46% from the average session volume of 722,524 shares. The stock had previously closed at C$0.03.

Solstice Gold Stock Performance

The company has a market capitalization of C$6.01 million, a PE ratio of -3.00 and a beta of 1.94. The company has a fifty day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02. The company has a current ratio of 4.36, a quick ratio of 6.94 and a debt-to-equity ratio of 10.89.

Insider Activity

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