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

Solstice Gold Corp. (CVE:SGC)’s share price fell 14.3% during mid-day trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. 210,400 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 748,667 shares. The stock had previously closed at C$0.04.

Solstice Gold Price Performance

The company has a 50 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$6.01 million, a price-to-earnings ratio of -3.00 and a beta of 1.94.

Insider Buying and Selling

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

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.