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

Independence Gold Corp. (CVE:IGO) shares were down 5% during trading on Friday . The company traded as low as C$0.29 and last traded at C$0.29. Approximately 62,069 shares were traded during 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 Trading Down 2.3 %

The business’s 50 day moving average is C$0.23 and its two-hundred day moving average is C$0.22. The firm has a market capitalization of C$49.17 million, a P/E ratio of -9.50 and a beta of 1.43. The company has a quick ratio of 0.38, a current ratio of 3.14 and a debt-to-equity ratio of 6.76.

Independence Gold (CVE:IGO) last released its quarterly earnings results on Friday, August 16th. The company reported C($0.01) EPS for the quarter. Analysts expect 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.