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
May 21, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.02
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 Leverage And Reduced Debt BurdenDeclining total debt materially lowers financial distress risk for an exploration-stage miner. With minimal leverage, the company has greater flexibility to time financings and structure partnerships, reducing bankruptcy/default risk and supporting longer-term project advancement.
Sizable Equity Base To Fund Near-term ProgramsA roughly $10M equity base provides a tangible buffer to fund exploration activities and initial drilling programs without immediate insolvency. This equity headroom enables the company to pursue value-creating delineation work or negotiate earn-in JV terms before urgent dilutive financings are required.
Exploration Business Model With Multiple Monetization PathsAs a pre-production explorer, the company's structural model offers optionality: discoveries can be monetized via sales, joint ventures, earn-ins, or royalties. This capital-light pathway lets management realize value without building a mine, aligning long-term upside with successful delineation and partner interest.
Bears Say
No Operating Revenue; Pre-production RiskZero operating revenue means intrinsic value hinges entirely on exploration success and asset revaluation. That structural dependence elevates business risk, as sustained capital access and positive drill results are required to convert resources into cash-generating assets over the medium term.
Worsening Free Cash Flow And Rising Cash BurnAn accelerating negative free cash flow trend increases the frequency and magnitude of required financings. Over 2–6 months this raises dilution and execution risk, as the company must either secure capital, reduce activity or cut programs—each affecting long-run resource definition prospects.
Widening Losses And Equity Erosion (dilution Risk)Growing annual losses coupled with a significant year-over-year drop in equity signal recurring dilution or asset write-downs. Persistent negative returns and shrinking shareholder equity undermine long-term investor returns and make future financings more dilutive or costly, pressuring strategic options.
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 May 21, 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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