Solstice Gold (CVE:SGC) Trading Up 25% – Here’s What Happened

Solstice Gold Corp. (CVE:SGC) shares were up 25% during mid-day trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 100,550 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 246,082 shares. The stock had previously closed at C$0.04.

Solstice Gold Stock Performance

The company has a market capitalization of C$10.01 million, a price-to-earnings ratio of -5.00 and a beta of 1.94. The stock has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.03. The company has a debt-to-equity ratio of 10.89, a current ratio of 4.36 and a quick ratio of 6.94.

Insider Buying and Selling

In other news, Director Blair Schultz purchased 180,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was acquired at an average cost of C$3.50 per share, with a total value of C$630,000.00. 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.