Independence Gold (CVE:IGO) Trading Down 6%

Independence Gold Corp. (CVE:IGO)’s stock price traded down 6% during mid-day trading on Friday . The stock traded as low as C$0.23 and last traded at C$0.24. 721,549 shares changed hands during trading, an increase of 212% from the average session volume of 231,053 shares. The stock had previously closed at C$0.25.

Independence Gold Price Performance

The firm has a 50 day moving average of C$0.21 and a 200-day moving average of C$0.22. The company has a current ratio of 3.14, a quick ratio of 0.38 and a debt-to-equity ratio of 6.76. The company has a market cap of C$39.43 million, a P/E ratio of -7.83 and a beta of 1.43.

Independence Gold (CVE:IGO) last announced its quarterly earnings data on Friday, August 16th. The company reported C($0.01) earnings per share (EPS) for the quarter. On average, equities research analysts predict that Independence Gold Corp. will post -0.065625 EPS for the current year.

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.