Shares of Independence Gold Corp. (CVE:IGO – Get Free Report) dropped 4.8% during trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 1,024,813 shares were traded during trading, an increase of 136% from the average daily volume of 433,527 shares. The stock had previously closed at C$0.11.
Independence Gold Stock Performance
The stock has a market cap of C$20.22 million, a price-to-earnings ratio of -3.00 and a beta of -1.36. The firm’s 50-day moving average is C$0.14 and its two-hundred day moving average is C$0.14. The company has a current ratio of 3.35, a quick ratio of 0.38 and a debt-to-equity ratio of 6.41.
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.
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