Independence Gold (CVE:IGO) Trading Down 4.9% – Time to Sell?

Independence Gold Corp. (CVE:IGOGet Free Report)’s stock price was down 4.9% during mid-day trading on Thursday . The stock traded as low as C$0.20 and last traded at C$0.20. Approximately 192,017 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 224,507 shares. The stock had previously closed at C$0.21.

Independence Gold Stock Performance

The company has a debt-to-equity ratio of 6.41, a current ratio of 3.35 and a quick ratio of 0.38. The stock has a 50-day moving average price of C$0.20 and a 200-day moving average price of C$0.22. The company has a market capitalization of C$46.05 million, a price-to-earnings ratio of -7.02 and a beta of 1.43.

About Independence Gold

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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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