Independence Gold (CVE:IGO) Stock Price Up 9.1% – Time to Buy?

Shares of Independence Gold Corp. (CVE:IGO) traded up 9.1% on Friday . The company traded as high as C$0.25 and last traded at C$0.24. 341,744 shares traded hands during mid-day trading, an increase of 37% from the average session volume of 248,970 shares. The stock had previously closed at C$0.22.

Independence Gold Stock Up 9.1 %

The company has a current ratio of 3.14, a quick ratio of 0.38 and a debt-to-equity ratio of 6.76. The stock has a market capitalization of C$40.27 million, a PE ratio of -8.00 and a beta of 1.43. The stock’s fifty day simple moving average is C$0.22 and its 200-day simple moving average is C$0.22.

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