Independence Gold (CVE:IGO) Stock Price Down 4.9% – Should You Sell?

Independence Gold Corp. (CVE:IGO) shares were 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 Down 4.4 %

The stock’s 50 day simple moving average is C$0.20 and its 200 day simple moving average is C$0.22. The stock has a market capitalization of C$48.30 million, a P/E ratio of -7.36 and a beta of 1.43. The company has a current ratio of 3.35, a quick ratio of 0.38 and a debt-to-equity ratio of 6.41.

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.