Independence Gold (CVE:IGO) Stock Price Up 11.9%

Shares of Independence Gold Corp. (CVE:IGO) traded up 11.9% on Thursday . The company traded as high as C$0.24 and last traded at C$0.24. 529,691 shares traded hands during trading, an increase of 168% from the average session volume of 197,893 shares. The stock had previously closed at C$0.21.

Independence Gold Price Performance

The business has a fifty day simple moving average of C$0.22 and a two-hundred day simple moving average 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 stock has a market cap of C$39.32 million, a PE ratio of -7.83 and a beta of 1.54.

Independence Gold (CVE:IGO) last posted its earnings results on Wednesday, April 24th. The company reported C($0.01) earnings per share for the quarter. Research analysts forecast that Independence Gold Corp. will post -0.065625 earnings per share for the current year.

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. 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.