Independence Gold (CVE:IGO) Trading Down 4.9% – Here’s Why

Independence Gold Corp. (CVE:IGO) traded down 4.9% during trading on Thursday . The company traded as low as C$0.20 and last traded at C$0.20. 192,017 shares were traded during mid-day trading, a decline of 14% from the average session volume of 224,507 shares. The stock had previously closed at C$0.21.

Independence Gold Price Performance

The company has a current ratio of 3.35, a quick ratio of 0.38 and a debt-to-equity ratio of 6.41. The stock has a market cap of C$46.05 million, a P/E ratio of -7.02 and a beta of 1.43. The firm has a 50-day simple moving average of C$0.20 and a two-hundred day simple moving average of C$0.22.

Independence Gold Company Profile

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.