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

Solstice Gold Corp. (CVE:SGC) shares dropped 14.3% on Friday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 240,734 shares traded hands during trading, a decline of 68% from the average daily volume of 751,424 shares. The stock had previously closed at C$0.04.

Solstice Gold Stock Down 14.3 %

The company has a quick ratio of 6.94, a current ratio of 4.36 and a debt-to-equity ratio of 10.89. The company has a market cap of C$6.01 million, a price-to-earnings ratio of -3.00 and a beta of 1.94. The stock has a fifty day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02.

Insider Activity at Solstice Gold

In related news, Director Blair Schultz purchased 11,000,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of C$0.01 per share, with a total value of C$110,000.00. 38.37% of the stock is owned by insiders.

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.