Independence Gold (CVE:IGO) Stock Price Down 19% – What’s Next?

Shares of Independence Gold Corp. (CVE:IGOGet Free Report) traded down 19% during trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09. 1,807,154 shares were traded during trading, an increase of 314% from the average session volume of 436,030 shares. The stock had previously closed at C$0.11.

Independence Gold Stock Up 5.6%

The company has a current ratio of 3.35, a quick ratio of 0.38 and a debt-to-equity ratio of 6.41. The company has a market cap of C$21.34 million, a price-to-earnings ratio of -3.17 and a beta of -1.36. The stock’s 50-day moving average is C$0.14 and its 200-day moving average is C$0.14.

Independence Gold Company Profile

(Get Free Report)

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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