Independence Gold (CVE:IGO) Reaches New 1-Year Low – Here’s Why

Independence Gold Corp. (CVE:IGOGet Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.16 and last traded at C$0.18, with a volume of 709218 shares traded. The stock had previously closed at C$0.17.

Independence Gold Stock Performance

The company’s 50-day moving average price is C$0.20 and its 200 day moving average price is C$0.22. The stock has a market capitalization of C$38.19 million, a PE ratio of -5.82 and a beta of 1.43. The company has a debt-to-equity ratio of 6.41, a quick ratio of 0.38 and a current ratio of 3.35.

Independence Gold Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Independence Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Independence Gold and related companies with MarketBeat.com's FREE daily email newsletter.