Independence Gold (CVE:IGO) Trading Up 7.7% – Time to Buy?

Independence Gold Corp. (CVE:IGO)’s stock price traded up 7.7% during trading on Thursday . The stock traded as high as C$0.21 and last traded at C$0.21. 153,300 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 253,412 shares. The stock had previously closed at C$0.20.

Independence Gold Stock Performance

The stock has a 50 day simple moving average of C$0.23 and a 200 day simple moving average of C$0.22. The company has a quick ratio of 0.38, a current ratio of 3.14 and a debt-to-equity ratio of 6.76. The company has a market cap of C$35.24 million, a price-to-earnings ratio of -7.00 and a beta of 1.43.

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.