Independence Gold (CVE:IGO) Sets New 52-Week Low – What’s Next?

Independence Gold Corp. (CVE:IGO)’s share price reached a new 52-week low during trading on Friday . The company traded as low as C$0.15 and last traded at C$0.16, with a volume of 368427 shares traded. The stock had previously closed at C$0.17.

Independence Gold Trading Down 3.0 %

The company has a debt-to-equity ratio of 6.41, a current ratio of 3.35 and a quick ratio of 0.38. The business has a 50-day simple moving average of C$0.19 and a two-hundred day simple moving average of C$0.21. The stock has a market cap of C$35.95 million, a price-to-earnings 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.