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

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

Independence Gold Stock Up 1.7 %

The business’s 50 day moving average is C$0.23 and its 200-day moving average is C$0.22. The company has a debt-to-equity ratio of 6.76, a current ratio of 3.14 and a quick ratio of 0.38. The company has a market cap of C$51.18 million, a PE ratio of -10.17 and a beta of 1.43.

Independence Gold (CVE:IGO) last issued its quarterly earnings results on Friday, August 16th. The company reported C($0.01) earnings per share (EPS) for the quarter. As a group, analysts predict that Independence Gold Corp. will post -0.065625 EPS 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.