Solstice Gold (CVE:SGC) Stock Price Up 100% – Should You Buy?

Solstice Gold Corp. (CVE:SGC) shot up 100% during mid-day trading on Tuesday . The company traded as high as C$0.03 and last traded at C$0.03. 5,090,426 shares were traded during mid-day trading, an increase of 566% from the average session volume of 763,887 shares. The stock had previously closed at C$0.02.

Solstice Gold Stock Performance

The firm’s 50 day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02. The firm has a market cap of C$6.01 million, a PE 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.

Insider Buying and Selling

In other Solstice Gold news, Director Blair Schultz acquired 11,000,000 shares of the stock in a transaction on 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. 38.37% of the stock is owned by company 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.