Independence Gold (CVE:IGO) Trading Up 11.8% – Should You Buy?

Independence Gold Corp. (CVE:IGO)’s share price traded up 11.8% during mid-day trading on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10. 506,501 shares were traded during mid-day trading, an increase of 9% from the average session volume of 463,912 shares. The stock had previously closed at C$0.09.

Independence Gold Price Performance

The stock’s 50-day moving average is C$0.10 and its 200 day moving average is C$0.12. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.38 and a current ratio of 9.47. The stock has a market capitalization of C$19.10 million, a PE ratio of -2.83 and a beta of 0.14.

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.