Independence Gold (CVE:IGO) Stock Price Down 14.3% – Should You Sell?

Shares of Independence Gold Corp. (CVE:IGO) fell 14.3% on Monday . The stock traded as low as C$0.09 and last traded at C$0.09. 341,800 shares were traded during trading, a decline of 23% from the average session volume of 446,317 shares. The stock had previously closed at C$0.11.

Independence Gold Price Performance

The stock has a market cap of C$21.34 million, a PE ratio of -3.17 and a beta of -1.99. The stock’s fifty day moving average is C$0.13 and its 200-day moving average is 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.

Independence Gold Company Profile

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.