Independence Gold (CVE:IGO) Trading Down 5.7% – Here’s What Happened

Independence Gold Corp. (CVE:IGO)’s share price traded down 5.7% on Friday . The stock traded as low as C$0.17 and last traded at C$0.17. 133,392 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 200,312 shares. The stock had previously closed at C$0.18.

Independence Gold Stock Performance

The company has a fifty day moving average price of C$0.20 and a two-hundred day moving average price of C$0.22. The firm has a market cap of C$40.44 million, a price-to-earnings ratio of -6.16 and a beta of 1.43. The company has a debt-to-equity ratio of 6.41, a current ratio of 3.35 and a quick ratio of 0.38.

About Independence Gold

Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in Canada and North America. It explores for gold and silver deposits. The company holds 100% interest in the 3Ts Project comprising six claim groups and consist of seventy mineral claims covering an approximately 8,840 hectares located in the Nechako Plateau region of central British Columbia; and the Laidman Project comprising six mineral tenures covering an approximately 10,800 hectares located in the British Columbia.