Independence Gold (CVE:IGO) Shares Up 11.9%

Independence Gold Corp. (CVE:IGO) shares were up 11.9% during mid-day trading on Thursday . The stock traded as high as C$0.24 and last traded at C$0.24. Approximately 529,691 shares were traded during trading, an increase of 168% from the average daily volume of 197,893 shares. The stock had previously closed at C$0.21.

Independence Gold Price Performance

The firm has a 50 day moving average price of C$0.22 and a 200-day moving average price of C$0.22. The company has a debt-to-equity ratio of 5.53, a current ratio of 6.67 and a quick ratio of 0.38. The firm has a market cap of C$39.32 million, a price-to-earnings ratio of -7.83 and a beta of 1.54.

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

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.