Independence Gold Corp (CVE:IGO)’s share price fell 16.7% on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05, 129,000 shares changed hands during mid-day trading. An increase of 254% from the average session volume of 36,435 shares. The stock had previously closed at C$0.06.
The company has a debt-to-equity ratio of 7.97, a current ratio of 6.29 and a quick ratio of 6.29. The firm has a market cap of $3.66 million and a price-to-earnings ratio of -1.06. The company has a fifty day moving average price of C$0.06 and a two-hundred day moving average price of C$0.07.
Independence Gold (CVE:IGO) last announced its quarterly earnings data on Thursday, August 29th. The company reported C($0.01) earnings per share for the quarter. On average, research analysts expect that Independence Gold Corp will post -0.07 earnings per share for the current fiscal year.
Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North America. It explores for gold and silver deposits. The company holds 100% interest in the 3Ts Project comprising 14 mineral claims covering approximately 4,934 hectares located in the Nechako Plateau region of central British Columbia.
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