Solstice Gold (CVE:SGC) Stock Price Down 12% – Here’s Why

Solstice Gold Corp. (CVE:SGC) dropped 12% on Wednesday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 124,015 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 304,590 shares. The stock had previously closed at C$0.13.

Solstice Gold Trading Down 16.0%

The stock has a market cap of C$26.58 million, a P/E ratio of -17.50 and a beta of 2.82. The firm’s 50 day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.08. The company has a quick ratio of 6.94, a current ratio of 4.36 and a debt-to-equity ratio of 10.89.

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. was incorporated in 2017 and is headquartered in Vancouver, Canada.