Independence Gold (CVE:IGO) Shares Down 12.5% – What’s Next?

Shares of Independence Gold Corp. (CVE:IGO) fell 12.5% during trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.11. 498,024 shares were traded during trading, an increase of 9% from the average session volume of 457,003 shares. The stock had previously closed at C$0.12.

Independence Gold Price Performance

The company’s fifty day moving average price is C$0.11 and its two-hundred day moving average price is C$0.13. The company has a quick ratio of 0.38, a current ratio of 3.35 and a debt-to-equity ratio of 6.41. The company has a market cap of C$23.59 million, a price-to-earnings ratio of -3.50 and a beta of -1.99.

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.