Solstice Gold (CVE:SGC) Shares Down 14.3% – Here’s What Happened

Solstice Gold Corp. (CVE:SGCGet Free Report)’s stock price 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 traded 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 Stock Down 14.3 %

The company has a debt-to-equity ratio of 10.89, a current ratio of 4.36 and a quick ratio of 6.94. The firm’s 50 day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02. The firm has a market cap of C$6.01 million, a price-to-earnings ratio of -3.00 and a beta of 1.94.

Insider Transactions at Solstice Gold

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

About Solstice Gold

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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.

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