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Independence Gold shares fell 19% amid high trading volume, trading below key averages with no clear cause.
Independence Gold (CVE:IGO) shares dropped 19% on Wednesday, closing at C$0.09 with trading volume surging to 1.8 million shares—314% above average.
The decline followed a drop to a low of C$0.09, with the stock trading below its 50-day and 200-day moving averages of C$0.14.
The company, which explores gold and silver projects in British Columbia, including the 3Ts and Laidman Projects, has a market cap of C$21.34 million and a debt-to-equity ratio of 6.41.
A negative P/E ratio of -3.17 and a beta of -1.36 indicate financial losses and high volatility.
No clear reason for the sell-off was provided.
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Las acciones de Independence Gold cayeron un 19% en medio de un alto volumen de operaciones, cotizando por debajo de los promedios clave sin una causa clara.