Solstice Gold (CVE:SGC) Trading 100% Higher – Still a Buy?

Solstice Gold Corp. (CVE:SGC)’s share price shot up 100% during trading on Monday . The stock traded as high as C$0.03 and last traded at C$0.03. 5,090,426 shares were traded during mid-day trading, an increase of 566% from the average session volume of 763,887 shares. The stock had previously closed at C$0.02.

Solstice Gold Trading Up 100.0 %

The company has a market cap of C$6.01 million, a P/E 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 quick ratio of 6.94, a current ratio of 4.36 and a debt-to-equity ratio of 10.89.

Insider Activity

In other news, Director Blair Schultz purchased 11,000,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were purchased at an average price 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.