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$23.76M
Enterprise ValueC$17.24M
Total Cash (Recent Filing)C$6.46M
Total Debt (Recent Filing)C$110.26K
Price to Earnings (P/E)―
Beta1.94
Next Earnings
Aug 14, 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 LeverageConsistently very low debt reduces financial risk and preserves flexibility to fund exploration through equity or partnerships. For an exploration-stage miner this durable conservatism lowers near-term default risk and makes it easier to pursue JV or option deals without heavy interest burdens.
Project Monetization OptionalityA clear set of monetization routes (sales, JV/earn-ins, royalties) is a structural strength for an explorer. It allows the company to realize asset value without needing to build a mine, attract strategic partners to fund costly drilling, and convert exploration upside into cash or equity infusions over time.
Existing Equity Base Provides RunwayA positive equity base near $9.8M gives a tangible balance-sheet buffer to sustain near-term exploration and corporate activity. While declining, this capital base supports current programs and makes the company a smaller financing ask for partners, helping preserve optionality while seeking value-creating outcomes.
Bears Say
No Revenue GenerationAbsence of operating revenue is a fundamental constraint: the business lacks recurring cash inflows and is fully reliant on financing or asset sales. Over months this makes planning and capital allocation dependent on investor sentiment and exploration milestones rather than internal earnings.
Persistent Negative Cash FlowConsistent and material free cash flow deficits demonstrate ongoing cash burn requiring external funding. This structural financing need increases dilution risk, constrains sustained drill programs without partners, and creates vulnerability if capital markets tighten over the next several months.
Eroding Equity And Negative ReturnsDeclining shareholder equity and persistently negative ROE indicate the company is consuming capital faster than it creates value. This structural deterioration limits financial flexibility, raises probability of further dilution or asset sales, and signals low current effectiveness of capital deployment.
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$23.76M.
When is Independence Gold Corp’s upcoming earnings report date?
Independence Gold Corp’s upcoming earnings report date is Aug 14, 2026 which is in 64 days.
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., established in Vancouver, Canada, in 2011, specializes in the acquisition, exploration, and assessment of sites prospective for gold and silver deposits across North America. The company wholly owns several significant properties, including the 3Ts project, which encompasses 15 mineral claims spanning approximately 5,200 hectares within British Columbia's central Nechako Plateau. It also holds full ownership of the Moosehorn property, consisting of 82 quartz mining claims covering about 1,720 hectares in the Yukon's Whitehorse mining district. Additionally, Independence Gold Corp. maintains ownership stakes in the Boulevard project, an extensive property featuring roughly 958 quartz mining claims across approximately 19,960 hectares, also situated in the Whitehorse mining district, Yukon. Furthermore, the company possesses an option to acquire a 60% stake in two British Columbia properties located in the Spences Bridge Gold Belt: the Merit property, comprising four mineral claims over approximately 1,907 hectares, and the Nicoamen property, which includes nine mineral claims totaling about 3,332 hectares.
Technical Analysis
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Options Prices
Currently, No data available
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