Independence Gold (CVE:IGO) Stock Price Down 9.5% – Time to Sell?

Independence Gold Corp. (CVE:IGO)’s stock price was down 9.5% during mid-day trading on Wednesday . The company traded as low as C$0.09 and last traded at C$0.10. Approximately 2,073,334 shares traded hands during mid-day trading, an increase of 372% from the average daily volume of 439,255 shares. The stock had previously closed at C$0.11.

Independence Gold Price Performance

The company’s 50-day simple moving average is C$0.14 and its 200 day simple moving average is C$0.14. The company has a quick ratio of 0.38, a current ratio of 3.35 and a debt-to-equity ratio of 6.41. The stock has a market capitalization of C$21.34 million, a price-to-earnings ratio of -3.17 and a beta of -1.36.

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.