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

Solstice Gold Corp. (CVE:SGC) shot up 100% on Tuesday . The company traded as high as C$0.03 and last traded at C$0.03. 5,090,426 shares changed hands 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 Price Performance

The firm has a 50-day moving average of C$0.02 and a 200-day moving average of C$0.02. The company has a debt-to-equity ratio of 10.89, a quick ratio of 6.94 and a current ratio of 4.36. The firm has a market capitalization of C$7.01 million, a P/E ratio of -3.50 and a beta of 1.94.

Insider Transactions at Solstice Gold

In related news, Director Blair Schultz purchased 11,000,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were purchased at an average price 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.