Independence Gold (CVE:IGO) Trading Down 16.7% – Here’s Why

Independence Gold Corp. (CVE:IGO) shares traded down 16.7% during mid-day trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. 352,009 shares were traded during 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 Stock Down 12.5%

The firm’s 50-day moving average price is C$0.11 and its 200 day moving average price is C$0.13. The firm has a market capitalization of C$23.59 million, a price-to-earnings 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.