Independence Gold (CVE:IGO) Shares Up 18.5% – What’s Next?

Independence Gold Corp. (CVE:IGO)’s share price shot up 18.5% on Friday . The company traded as high as C$0.16 and last traded at C$0.16. 1,052,500 shares traded hands during mid-day trading, an increase of 245% from the average session volume of 304,902 shares. The stock had previously closed at C$0.14.

Independence Gold Stock Up 18.5 %

The company has a market capitalization of C$35.95 million, a PE ratio of -5.48 and a beta of 1.43. The firm’s 50-day simple moving average is C$0.17 and its 200 day simple moving average is C$0.20. The company has a debt-to-equity ratio of 6.41, a quick ratio of 0.38 and a current ratio of 3.35.

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.