Independence Gold (CVE:IGO) Shares Down 4.5% – Should You Sell?

Shares of Independence Gold Corp. (CVE:IGO) traded down 4.5% on Friday . The company traded as low as C$0.21 and last traded at C$0.21. 289,823 shares were traded during mid-day trading, an increase of 10% from the average session volume of 262,951 shares. The stock had previously closed at C$0.22.

Independence Gold Price Performance

The company has a debt-to-equity ratio of 6.76, a current ratio of 3.14 and a quick ratio of 0.38. The stock’s fifty day simple moving average is C$0.24 and its 200-day simple moving average is C$0.22. The company has a market capitalization of C$35.24 million, a P/E ratio of -7.00 and a beta of 1.43.

Independence Gold (CVE:IGO) last announced its quarterly earnings data on Friday, August 16th. The company reported C($0.01) EPS for the quarter. On average, equities analysts forecast that Independence Gold Corp. will post -0.065625 earnings per share 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.