Independence Gold (CVE:IGO) Stock Price Up 14.8% – Still a Buy?

Shares of Independence Gold Corp. (CVE:IGO) rose 14.8% on Friday . The company traded as high as C$0.16 and last traded at C$0.16. Approximately 775,300 shares traded hands during mid-day trading, an increase of 157% from the average daily volume of 301,873 shares. The stock had previously closed at C$0.14.

Independence Gold Stock Performance

The company has a current ratio of 3.35, a quick ratio of 0.38 and a debt-to-equity ratio of 6.41. The company’s 50-day moving average is C$0.17 and its two-hundred day moving average is C$0.20. The stock has a market capitalization of C$35.95 million, a P/E ratio of -5.48 and a beta of 1.43.

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.