Independence Gold (CVE:IGO) Stock Price Down 16.7% – Here’s What Happened

Shares of Independence Gold Corp. (CVE:IGO) were down 16.7% during trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 352,009 shares were traded during trading, a decline of 23% from the average daily volume of 456,955 shares. The stock had previously closed at C$0.12.

Independence Gold Trading Down 16.7%

The company has a debt-to-equity ratio of 6.41, a quick ratio of 0.38 and a current ratio of 3.35. The business has a fifty day simple moving average of C$0.11 and a 200 day simple moving average of C$0.13. The company has a market cap of C$22.47 million, a P/E ratio of -3.33 and a beta of -1.99.

About Independence Gold

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.