Independence Gold (CVE:IGO) Trading Down 19% – Here’s What Happened

Independence Gold Corp. (CVE:IGO) fell 19% on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09. 1,807,154 shares were traded during trading, an increase of 314% from the average session volume of 436,030 shares. The stock had previously closed at C$0.11.

Independence Gold Stock Performance

The company has a debt-to-equity ratio of 6.41, a quick ratio of 0.38 and a current ratio of 3.35. The company has a market cap of C$21.34 million, a P/E ratio of -3.17 and a beta of -1.36. The firm has a 50 day moving average price of C$0.14 and a 200-day moving average price of C$0.14.

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.