Solstice Gold (CVE:SGC) Trading Down 16.7% – What’s Next?

Shares of Solstice Gold Corp. (CVE:SGC) were down 16.7% during trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 391,823 shares traded hands during trading, a decline of 46% from the average daily volume of 722,524 shares. The stock had previously closed at C$0.03.

Solstice Gold Stock Performance

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

Insiders Place Their Bets

In other news, Director Blair Schultz acquired 11,000,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were bought 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.

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.