Independence Gold (CVE:IGO) Stock Price Down 4.8% – Time to Sell?

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

Independence Gold Price Performance

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

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.