Shares of Solstice Gold Corp. (CVE:SGC – Get Free Report) dropped 14.3% during mid-day trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 240,400 shares changed hands during trading, a decline of 68% from the average daily volume of 751,394 shares. The stock had previously closed at C$0.04.
Solstice Gold Stock Performance
The firm has a 50 day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02. The company has a debt-to-equity ratio of 10.89, a current ratio of 4.36 and a quick ratio of 6.94. 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.
Insiders Place Their Bets
In other news, Director Blair Schultz purchased 11,000,000 shares of the stock in a transaction dated Friday, January 17th. The stock was acquired 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 owned by 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.
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