Solstice Gold (CVE:SGC) Stock Price Up 33.3% – Should You Buy?

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

Solstice Gold Stock Performance

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 price-to-earnings ratio of -4.00 and a beta of 1.94. The firm has a fifty day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02.

Insider Buying and Selling at Solstice Gold

In other 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 purchased 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 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.