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

Independence Gold Corp. (CVE:IGO)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.15 and last traded at C$0.16, with a volume of 368427 shares traded. The stock had previously closed at C$0.17.

Independence Gold Price Performance

The company has a quick ratio of 0.38, a current ratio of 3.35 and a debt-to-equity ratio of 6.41. The company’s fifty day moving average price is C$0.19 and its 200 day moving average price is C$0.21. The company 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.