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

Shares of Solstice Gold Corp. (CVE:SGC) dropped 14.3% on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 240,734 shares changed 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 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 market capitalization of C$6.01 million, a P/E ratio of -3.00 and a beta of 1.94. The company has a current ratio of 4.36, a quick ratio of 6.94 and a debt-to-equity ratio of 10.89.

Insiders Place Their Bets

In other Solstice Gold news, Director Blair Schultz purchased 11,000,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average cost of C$0.01 per share, with a total value 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.