Independence Gold (CVE:IGO) Hits New 12-Month Low – Time to Sell?

Independence Gold Corp. (CVE:IGO)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.09 and last traded at C$0.09, with a volume of 1010622 shares trading hands. The stock had previously closed at C$0.10.

Independence Gold Trading Up 5.9%

The business has a fifty day moving average price of C$0.10 and a two-hundred day moving average price of C$0.12. The company has a current ratio of 9.47, a quick ratio of 0.38 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of C$20.22 million, a PE ratio of -3.00 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.