Shares of Independence Gold Corp. (CVE:IGO – Get Free Report) fell 4.8% on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 1,024,813 shares changed hands during trading, an increase of 136% from the average session volume of 433,527 shares. The stock had previously closed at C$0.11.
Independence Gold Trading Down 14.3%
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 company has a debt-to-equity ratio of 6.41, a current ratio of 3.35 and a quick ratio of 0.38. The company’s fifty day moving average price is C$0.14 and its 200-day moving average price is C$0.14.
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.
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