Solstice Gold (CVE:SGC) Stock Price Up 33.3% – Still a Buy?

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

Solstice Gold Stock Up 33.3 %

The business’s fifty day moving average price is C$0.02 and its two-hundred day moving average price is 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. The firm has a market capitalization of C$8.01 million, a P/E ratio of -4.00 and a beta of 1.94.

Insider Activity at Solstice Gold

In related news, Director Blair Schultz bought 11,000,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average cost of C$0.01 per share, for a total transaction of C$110,000.00. 38.37% of the stock is currently owned by corporate insiders.

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.