Independence Gold (CVE:IGO) Shares Down 12.5% – Should You Sell?

by · The Cerbat Gem

Independence Gold Corp. (CVE:IGO – Get Free Report) traded down 12.5% during trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.11. 519,499 shares traded hands during trading, an increase of 14% from the average session volume of 457,642 shares. The stock had previously closed at C$0.12.

Independence Gold Price Performance

The company has a market cap of C$23.59 million, a P/E ratio of -3.50 and a beta of -1.99. The company’s 50-day moving average price is C$0.11 and its two-hundred day moving average price is C$0.13. The company has a current ratio of 3.35, a quick ratio of 0.38 and a debt-to-equity ratio of 6.41.

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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