Solstice Gold (CVE:SGC) Stock Price Down 14.3% – Should You Sell?

Solstice Gold Corp. (CVE:SGC)’s share price dropped 14.3% during mid-day trading on Friday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 240,734 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 751,424 shares. The stock had previously closed at C$0.04.

Solstice Gold Trading Down 14.3 %

The firm 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 market capitalization of C$6.01 million, a price-to-earnings ratio of -3.00 and a beta of 1.94. The company has a current ratio of 4.36, a quick ratio of 6.94 and a debt-to-equity ratio of 10.89.

Insider Activity

In related news, Director Blair Schultz bought 11,000,000 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were bought at an average cost of C$0.01 per share, with a total value of C$110,000.00. 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.