Solstice Gold (CVE:SGC) Shares Up 33.3% – Here’s What Happened

Solstice Gold Corp. (CVE:SGC)’s share price rose 33.3% during mid-day trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 681,125 shares were traded during trading, an increase of 7% from the average daily volume of 636,059 shares. The stock had previously closed at C$0.03.

Solstice Gold Stock Up 33.3 %

The company’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is 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 firm has a market cap of C$8.01 million, a P/E ratio of -4.00 and a beta of 1.94.

Insider Buying and Selling

In related news, Director Blair Schultz purchased 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 company 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.