Solstice Gold (CVE:SGC) Shares Up 33.3% – Here’s What Happened

Shares of Solstice Gold Corp. (CVE:SGC) were up 33.3% during trading on Friday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 681,125 shares were traded during trading, an increase of 7% from the average daily volume of 636,059 shares. The stock had previously closed at C$0.03.

Solstice Gold Stock Up 33.3 %

The firm has a fifty day moving average price of C$0.02 and a 200 day moving average price of 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. The company has a market cap of C$8.01 million, a P/E ratio of -4.00 and a beta of 1.94.

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 purchased at an average cost 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.