Independence Gold Corp. (CVE:IGO – Get Free Report)’s share price dropped 2.3% on Thursday . The company traded as low as C$0.21 and last traded at C$0.22. Approximately 53,563 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 95,921 shares. The stock had previously closed at C$0.22.
Independence Gold Stock Performance
The stock has a 50-day simple moving average of C$0.21 and a 200-day simple moving average of C$0.22. The stock has a market cap of C$36.92 million, a PE ratio of -7.33 and a beta of 1.43. The company has a debt-to-equity ratio of 6.76, a current ratio of 3.14 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.
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