Independence Gold (CVE:IGO) Trading Down 5% – Here’s Why

Independence Gold Corp. (CVE:IGO) shares traded down 5% during mid-day trading on Friday . The stock traded as low as C$0.29 and last traded at C$0.29. 62,069 shares were traded during trading, a decline of 76% from the average session volume of 253,719 shares. The stock had previously closed at C$0.30.

Independence Gold Stock Down 2.3 %

The company has a quick ratio of 0.38, a current ratio of 3.14 and a debt-to-equity ratio of 6.76. The firm’s 50-day moving average price is C$0.23 and its 200 day moving average price is C$0.22. The firm has a market cap of C$49.17 million, a P/E ratio of -9.50 and a beta of 1.43.

Independence Gold (CVE:IGO) last posted its earnings results on Friday, August 16th. The company reported C($0.01) EPS for the quarter. As a group, research analysts expect 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.