Independence Gold Corp (TSE:IGO)
:IGO
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IGO Stock Chart & Stats
C$0.11
>-C$0.01(-2.44%)
At close: 4:00 PM EST
C$0.11
>-C$0.01(-2.44%)
Day’s Range― - ―
52-Week RangeC$0.08 - C$0.21
Previous CloseN/A
Volume48.21K
Average Volume (3M)922.17K
Market Cap
C$27.71M
Enterprise ValueC$16.22M
Total Cash (Recent Filing)C$6.39M
Total Debt (Recent Filing)C$139.93K
Price to Earnings (P/E)―
Beta2.01
Next Earnings
Apr 29, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding263,947,850
10 Day Avg. Volume1,159,303
30 Day Avg. Volume922,172
Financial Highlights & Ratios
PEG Ratio1.35
Price to Book (P/B)2.37
Price to Sales (P/S)0.00
P/FCF Ratio-3.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Low Financial LeverageA very low debt stock at the exploration stage reduces bankruptcy and interest-rate exposure, preserving flexibility to raise capital or JV projects. Sustained low leverage supports longer runway for drill programs and strategic optioning without high fixed financing costs.
Meaningful Equity BaseA multi-million equity cushion provides working capital to fund exploration cycles and attracts partners; it reduces immediate dilution pressure versus companies with negligible equity. This base enables staged spending and supports negotiating power in joint ventures or asset sales.
Clear Exploration Business ModelA defined model centered on advancing discovery-stage assets allows focused capital allocation and clear monetization paths (asset sales, JV earn-ins, royalties). For resource-stage firms, disciplined exploration strategy is a durable lever for value creation over multiple funding cycles.
Bears Say
No Operating RevenueLack of operating revenue means the company depends wholly on financing and asset transactions for cash; this structural reliance increases dilution and execution risk. Without producing assets, sustained value creation requires repeated successful capital raises or partner monetizations.
Worsening Cash BurnRising negative free cash flow increases the frequency and size of future financings, pressuring shareholder dilution and corporate flexibility. Persistently expanding burn without resource delineation narrows realistic timelines for project advancement and heightens funding risk over months.
Equity Decline / Dilution RiskA material decline in equity indicates past dilution or losses and signals further dilution risk if additional capital is needed. For explorers, repeated equity raises can erode shareholder value and reduce founder/insider alignment, complicating long-term incentives for asset development.
Independence Gold News
IGO FAQ
What was Independence Gold Corp’s price range in the past 12 months?
Independence Gold Corp lowest stock price was C$0.08 and its highest was C$0.21 in the past 12 months.
What is Independence Gold Corp’s market cap?
Independence Gold Corp’s market cap is C$27.71M.
When is Independence Gold Corp’s upcoming earnings report date?
Independence Gold Corp’s upcoming earnings report date is Apr 29, 2026 which is today.
How were Independence Gold Corp’s earnings last quarter?
Currently, no data Available
Is Independence Gold Corp overvalued?
According to Wall Street analysts Independence Gold Corp’s price is currently Overvalued.
Does Independence Gold Corp pay dividends?
Independence Gold Corp does not currently pay dividends.
What is Independence Gold Corp’s EPS estimate?
Independence Gold Corp’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Independence Gold Corp have?
Independence Gold Corp has 263,947,850 shares outstanding.
What happened to Independence Gold Corp’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of Independence Gold Corp?
Currently, no hedge funds are holding shares in TSE:IGO
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Independence Gold Corp
Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North America. It explores for gold and silver deposits. The company holds 100% interest in the 3Ts project comprising 15 mineral claims covering approximately 5,200 hectares located in the Nechako Plateau region of central British Columbia; and the Moosehorn property that consists of 82 quartz mining claims covering an area of approximately 1,720 hectares located in the Whitehorse mining district, Yukon. It also holds interests in the Boulevard project with approximately 958 quartz mining claims covering approximately 19,960 hectares situated in Whitehorse mining district, Yukon. In addition, the company has an option to acquire 60% interests in Merit property that consists of four mineral claims covering an area of approximately 1,907 hectares located in the Spences Bridge Gold Belt, British Columbia; and Nicoamen property comprises of nine mineral claims covering approximately 3,332 hectares located in the Spences Bridge Gold Belt, British Columbia. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.
Technical Analysis
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Options Prices
Currently, No data available
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