| IGO Stock | | | CAD 0.22 0.00 0.00% |
Insider
CPA CGA is CFO Sec of Independence Gold Corp
| Address | 625 Howe Street, Vancouver, BC, Canada, V6C 2T6 |
| Phone | 604 687 3959 |
| Web | https://www.ingold.ca |
Independence Gold Management Efficiency
The company has return on total asset
(ROA) of
(0.4789) % which means that it has lost $0.4789 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity
(ROE) of
(0.941) %, meaning that it generated substantial loss on money invested by shareholders. Independence Gold's management efficiency ratios could be used to measure how well Independence Gold manages its routine affairs as well as how well it operates its assets and liabilities.
Return On Tangible Assets is likely to drop to -0.47 in 2024.
Return On Capital Employed is likely to climb to -0.46 in 2024. At this time, Independence Gold's
Total Assets are fairly stable compared to the past year.
Non Current Assets Total is likely to climb to about 8.6
M in 2024, whereas
Other Assets are likely to drop slightly above 152.9
K in 2024.
Independence Gold Corp has accumulated 420.78
K in total debt with debt to equity ratio
(D/E) of 7.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Independence Gold Corp has a current ratio of 6.47, suggesting that it is
liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Independence Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Independence Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Independence Gold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Independence to invest in growth at high rates of return. When we think about Independence Gold's use of debt, we should always consider it together with cash and equity.
Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North America. The company was incorporated in 2011 and is headquartered in Vancouver, Canada. INDEPENDENCE GOLD operates under Gold classification in Canada and is traded on TSX Venture Exchange. Independence Gold Corp (IGO) is traded on TSX Venture Exchange in Canada and employs 1 people. Independence Gold is listed under Metals & Mining category by Fama And French industry classification.
Management Performance
Independence Stock Performance Indicators
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Additional Tools for Independence Stock Analysis
When running Independence Gold's price analysis, check to
measure Independence Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independence Gold is operating at the current time. Most of Independence Gold's value examination focuses on studying past and present price action to
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