Independence Gold (CVE:IGO) Trading Down 9.5% – Time to Sell?

Independence Gold Corp. (CVE:IGO)’s stock price fell 9.5% during mid-day trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.10. 2,073,334 shares traded hands during mid-day trading, an increase of 372% from the average session volume of 439,255 shares. The stock had previously closed at C$0.11.

Independence Gold Price Performance

The firm has a market capitalization of C$21.34 million, a PE ratio of -3.17 and a beta of -1.36. The company has a 50-day moving average price of C$0.14 and a 200-day moving average price of C$0.14. The company has a debt-to-equity ratio of 6.41, a current ratio of 3.35 and a quick ratio of 0.38.

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.