Solstice Gold (CVE:SGC) Stock Price Up 12.5% – Here’s Why

Solstice Gold Corp. (CVE:SGC)’s share price rose 12.5% during trading on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 248,500 shares changed hands during trading, a decline of 53% from the average daily volume of 530,059 shares. The stock had previously closed at C$0.04.

Solstice Gold Stock Performance

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 market cap of C$8.01 million, a price-to-earnings ratio of -4.00 and a beta of 1.94. The stock has a 50 day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02.

Insider Buying and Selling at Solstice Gold

In other news, Director Blair Schultz bought 11,000,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of C$0.01 per share, for a total transaction of C$110,000.00. 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.