Independence Gold (CVE:IGO) Shares Down 4.8% – What’s Next?

Independence Gold Corp. (CVE:IGO)’s stock price traded down 4.8% during trading on Thursday . The company traded as low as C$0.10 and last traded at C$0.10. 114,500 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 419,491 shares. The stock had previously closed at C$0.11.

Independence Gold Stock Performance

The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.38 and a current ratio of 9.47. The firm has a market cap of C$22.47 million, a P/E ratio of -3.33 and a beta of 0.57. The business’s 50-day simple moving average is C$0.10 and its 200 day simple moving average is C$0.11.

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.