Independence Gold (CVE:IGO) Shares Down 6.7%

Shares of Independence Gold Corp. (CVE:IGO) dropped 6.7% during trading on Thursday . The company traded as low as C$0.21 and last traded at C$0.21. Approximately 334,541 shares were traded during mid-day trading, an increase of 79% from the average daily volume of 187,255 shares. The stock had previously closed at C$0.23.

Independence Gold Price Performance

The company has a fifty day moving average price of C$0.22 and a two-hundred day moving average price of C$0.22. The company has a current ratio of 6.67, a quick ratio of 0.38 and a debt-to-equity ratio of 5.53. The company has a market cap of C$37.20 million, a price-to-earnings ratio of -7.50 and a beta of 1.52.

Independence Gold (CVE:IGO) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C($0.01) earnings per share for the quarter. As a group, equities research analysts anticipate that Independence Gold Corp. will post -0.065625 EPS for the current fiscal year.

Insider Activity at Independence Gold

In related news, Senior Officer Harry Chan sold 150,000 shares of Independence Gold stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of C$0.25, for a total value of C$37,500.00. 13.51% of the stock is currently owned by insiders.

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. It holds 100% interest in the 3Ts project comprising 15 mineral claims covering approximately 5,200 hectares located in the Nechako Plateau region of central British Columbia; and Boulevard project with approximately 958 quartz mining claims covering approximately 19,960 hectares situated in Whitehorse mining district, Yukon.