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

Shares of Solstice Gold Corp. (CVE:SGC) were down 14.3% during trading on Friday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 240,734 shares changed hands during mid-day 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 Price Performance

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

Insider Transactions at Solstice Gold

In other news, Director Blair Schultz bought 11,000,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average price of C$0.01 per share, with a total value of C$110,000.00. Company 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.