Solstice Gold (CVE:SGC) Trading Down 24% – Here’s What Happened

Solstice Gold Corp. (CVE:SGC)’s stock price was down 24% during mid-day trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 668,783 shares changed hands during mid-day trading, an increase of 30% from the average daily volume of 514,388 shares. The stock had previously closed at C$0.13.

Solstice Gold Stock Performance

The company has a debt-to-equity ratio of 10.89, a quick ratio of 6.94 and a current ratio of 4.36. The stock’s 50-day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.07. The stock has a market cap of C$24.04 million, a price-to-earnings ratio of -15.83 and a beta of 2.36.

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