Independence Gold (CVE:IGO) Trading Up 9.1% – What’s Next?

by · The Cerbat Gem

Independence Gold Corp. (CVE:IGO – Get Free Report) was up 9.1% during mid-day trading on Friday . The stock traded as high as C$0.25 and last traded at C$0.24. Approximately 341,744 shares were traded during mid-day trading, an increase of 37% from the average daily volume of 248,970 shares. The stock had previously closed at C$0.22.

Independence Gold Stock Up 9.1 %

The stock’s 50 day moving average is C$0.22 and its 200 day moving average is C$0.22. The company has a market capitalization of C$40.27 million, a PE ratio of -8.00 and a beta of 1.43. The company has a debt-to-equity ratio of 6.76, a quick ratio of 0.38 and a current ratio of 3.14.

Independence Gold (CVE:IGO – Get Free Report) last issued its earnings results on Friday, August 16th. The company reported C($0.01) EPS for the quarter. On average, sell-side analysts anticipate that Independence Gold Corp. will post -0.065625 EPS for the current fiscal year.

About Independence Gold

(Get Free Report)

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.

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