Independence Gold (CVE:IGO) Stock Price Up 6.5% – Time to Buy?

Independence Gold Corp. (CVE:IGO) rose 6.5% during mid-day trading on Tuesday . The stock traded as high as C$0.25 and last traded at C$0.25. Approximately 202,133 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 259,279 shares. The stock had previously closed at C$0.23.

Independence Gold Stock Up 6.5 %

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 company has a market cap of C$41.11 million, a price-to-earnings ratio of -8.17 and a beta of 1.43. The firm’s 50 day simple moving average is C$0.23 and its 200-day simple moving average is C$0.22.

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.