Solstice Gold (CVE:SGC) Shares Up 16.7% – Time to Buy?

Solstice Gold Corp. (CVE:SGC) shot up 16.7% during mid-day trading on Monday . The stock traded as high as C$0.04 and last traded at C$0.04. 187,000 shares were traded during trading, a decline of 57% from the average session volume of 433,251 shares. The stock had previously closed at C$0.03.

Solstice Gold Trading Up 16.7 %

The company has a market cap of C$7.01 million, a P/E ratio of -3.50 and a beta of 1.94. The business has a fifty day simple moving average of C$0.03 and a 200 day simple moving average of C$0.02. The company has a debt-to-equity ratio of 10.89, a quick ratio of 6.94 and a current ratio of 4.36.

Insider Activity at Solstice Gold

In other Solstice Gold news, Director Blair Schultz acquired 11,000,000 shares of the company’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, for a total transaction of C$110,000.00. Corporate insiders own 38.37% of the company’s stock.

Solstice Gold Company Profile

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.