Independence Gold (CVE:IGO) Stock Price Down 12.5% – Should You Sell?
by Tristan Rich · The Markets DailyIndependence Gold Corp. (CVE:IGO – Get Free Report) dropped 12.5% on Thursday . The company traded as low as C$0.10 and last traded at C$0.11. Approximately 519,499 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 457,642 shares. The stock had previously closed at C$0.12.
Independence Gold Stock Down 12.5%
The stock has a market cap of C$23.59 million, a P/E ratio of -3.50 and a beta of -1.99. The company has a quick ratio of 0.38, a current ratio of 3.35 and a debt-to-equity ratio of 6.41. The company has a 50-day simple moving average of C$0.11 and a two-hundred day simple moving average of C$0.13.
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.