Independence Gold (CVE:IGO) Trading 18.5% Higher – Time to Buy?

Independence Gold Corp. (CVE:IGO)’s stock price traded up 18.5% during mid-day trading on Friday . The company traded as high as C$0.16 and last traded at C$0.16. 1,052,500 shares were traded during trading, an increase of 245% from the average session volume of 304,902 shares. The stock had previously closed at C$0.14.

Independence Gold Stock Performance

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 firm’s fifty day moving average price is C$0.17 and its 200 day moving average price is C$0.20. The firm has a market capitalization of C$35.95 million, a PE ratio of -5.48 and a beta of 1.43.

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.