Independence Gold (CVE:IGO) Shares Down 12.5% – Should You Sell?

Independence Gold Corp. (CVE:IGO) shares were down 12.5% during trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.11. Approximately 519,499 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 457,642 shares. The stock had previously closed at C$0.12.

Independence Gold Price Performance

The company has a 50 day moving average of C$0.11 and a two-hundred day moving average of C$0.13. The firm has a market cap of C$23.59 million, a P/E ratio of -3.50 and a beta of -1.99. The company has a quick ratio of 0.38, a current ratio of 3.35 and a debt-to-equity ratio of 6.41.

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.