Independence Gold (CVE:IGO) Trading Down 9.5% – Here’s Why

Independence Gold Corp. (CVE:IGO) shares fell 9.5% during trading on Wednesday . The company traded as low as C$0.09 and last traded at C$0.10. 2,064,505 shares changed hands during trading, an increase of 370% from the average session volume of 438,970 shares. The stock had previously closed at C$0.11.

Independence Gold Trading Down 9.5%

The firm has a market cap of C$21.34 million, a P/E ratio of -3.17 and a beta of -1.36. The company’s 50 day moving average is C$0.14 and its two-hundred day moving average is C$0.14. The company has a debt-to-equity ratio of 6.41, a current ratio of 3.35 and a quick ratio of 0.38.

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.