Solstice Gold (CVE:SGC) Shares Up 100% – Here’s Why

Solstice Gold Corp. (CVE:SGCGet Free Report)’s share price was up 100% on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 5,090,426 shares changed hands during mid-day trading, an increase of 566% from the average daily volume of 763,887 shares. The stock had previously closed at C$0.02.

Solstice Gold Stock Performance

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 company has a market cap of C$7.01 million, a price-to-earnings ratio of -3.50 and a beta of 1.94. The firm has a 50 day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02.

Insiders Place Their Bets

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 price of C$0.01 per share, with a total value of C$110,000.00. 38.37% of the stock is currently owned by insiders.

About Solstice Gold

(Get Free Report)

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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