Independence Gold (CVE:IGO) Shares Down 16.7% – What’s Next?

Shares of Independence Gold Corp. (CVE:IGO) fell 16.7% during trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. 352,009 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 456,955 shares. The stock had previously closed at C$0.12.

Independence Gold Trading Down 12.5%

The stock’s 50 day simple moving average is C$0.11 and its two-hundred day simple moving average is C$0.13. The stock has a market capitalization of C$23.59 million, a PE ratio of -3.50 and a beta of -1.99. The company has a debt-to-equity ratio of 6.41, a current ratio of 3.35 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.