Independence Gold (CVE:IGO) Shares Down 4.9% – What’s Next?

Independence Gold Corp. (CVE:IGO)’s stock price was down 4.9% during trading on Thursday . The stock traded as low as C$0.20 and last traded at C$0.20. Approximately 192,017 shares changed hands during trading, a decline of 14% from the average daily volume of 224,507 shares. The stock had previously closed at C$0.21.

Independence Gold Stock Down 4.4 %

The stock has a market capitalization of C$48.30 million, a price-to-earnings ratio of -7.36 and a beta of 1.43. The firm has a 50-day moving average of C$0.20 and a 200 day moving average of C$0.22. 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.