Independence Gold (CVE:IGO) Stock Price Down 5%

Independence Gold Corp. (CVE:IGO)’s share price was down 5% on Thursday . The company traded as low as C$0.19 and last traded at C$0.19. Approximately 359,626 shares traded hands during trading, an increase of 117% from the average daily volume of 165,429 shares. The stock had previously closed at C$0.20.

Independence Gold Stock Up 2.6 %

The company has a quick ratio of 0.38, a current ratio of 6.67 and a debt-to-equity ratio of 5.53. The stock has a market capitalization of C$32.24 million, a P/E ratio of -6.50 and a beta of 1.52. The company has a fifty day moving average price of C$0.22 and a 200-day moving average price of C$0.22.

Independence Gold (CVE:IGO) last released its quarterly earnings results on Wednesday, April 24th. The company reported C($0.01) earnings per share for the quarter. As a group, research analysts forecast that Independence Gold Corp. will post -0.065625 EPS for the current fiscal year.

Insider Buying and Selling

In other Independence Gold news, Senior Officer Harry Chan sold 150,000 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$0.25, for a total transaction of C$37,500.00. 13.51% of the stock is currently owned by company insiders.

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. It holds 100% interest in the 3Ts project comprising 15 mineral claims covering approximately 5,200 hectares located in the Nechako Plateau region of central British Columbia; and Boulevard project with approximately 958 quartz mining claims covering approximately 19,960 hectares situated in Whitehorse mining district, Yukon.