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Independence Gold (IGO) AI Stock Analysis
Independence Gold
(TSXV:IGO)
The score is driven primarily by severe financial weakness, including no revenue, recurring losses, and negative cash flow. Low debt and positive equity provide a partial buffer, while weak technical momentum and the absence of earnings or dividend support further limit the investment profile.
Independence Gold (IGO) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 28.02M
- Dividend Yield
- ―
- Average Volume (3M)
- 494.89K
- Price to Earnings (P/E)
- -4.9
- Beta (1Y)
- 2.02
- Revenue Growth
- ―
- EPS Growth
- 22.08%
- Country
- Canada
- Employees
- 0
- Sector
- General
- Sector Strength
- 55
- Industry
- Gold
Independence Gold Business Overview & Revenue Model
Company Description
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 proper...
How the Company Makes Money
Independence Gold is an exploration-stage company and, based on publicly available information, does not have disclosed recurring revenue from mineral production. As a result, its ability to fund operations is typically driven by capital-raising acti...
Independence Gold Financial Statement Overview
Summary
No revenue, persistent losses, and sustained negative cash flow are severe weaknesses. Positive equity and very low debt provide some financial resilience, but ongoing cash burn and equity erosion justify a score at the minimum range.
Income Statement
18Very NegativeBalance Sheet
62PositiveCash Flow
24Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | -82.31K | -80.38K | -99.53K | -98.78K | -95.82K | -99.14K |
| EBITDA | -6.51M | -5.94M | -5.33M | -3.68M | -2.15M | -2.54M |
| Net Income | -6.00M | -6.04M | -5.46M | -3.81M | -2.28M | -8.95M |
Balance Sheet | ||||||
| Total Assets | 8.69M | 11.04M | 14.50M | 8.47M | 6.46M | 7.01M |
| Cash, Cash Equivalents and Short-Term Investments | 3.96M | 6.39M | 9.75M | 3.61M | 1.58M | 2.03M |
| Total Debt | 92.19K | 139.93K | 244.57K | 420.78K | 523.12K | 601.26K |
| Total Liabilities | 1.64M | 1.04M | 1.53M | 866.29K | 749.39K | 787.76K |
| Stockholders Equity | 7.05M | 10.00M | 12.98M | 7.60M | 5.71M | 6.23M |
Cash Flow | ||||||
| Free Cash Flow | -5.19M | -6.50M | -4.56M | -3.39M | -1.82M | -2.57M |
| Operating Cash Flow | -5.19M | -6.45M | -4.56M | -3.36M | -1.82M | -2.57M |
| Investing Cash Flow | -55.00K | -30.11K | -3,474 | -25.45K | -3,468 | 38.02K |
| Financing Cash Flow | 3.84M | 3.14M | 10.70M | 5.41M | 1.43M | 1.69M |
Independence Gold Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IGO, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.16, and above the 200-day MA of 0.12, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 35.18 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:IGO.
Independence Gold Peers Comparison
Overall Rating
TSE:RDU46Neutral
TSE:IRV44Neutral
TSE:SWA40Underperform
TSE:NBRK39Underperform- TSE:IGO39Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TSE:RDU | 46Neutral | CAD 26.62M | -21.19 | -83.66% | ― | ― | -30.85% |
| TSE:IRV | 44Neutral | CAD 19.83M | -11.05 | -3.51% | ― | ― | 73.19% |
| TSE:SWA | 40Underperform | CAD 12.59M | -3.44 | 271.05% | ― | ― | 63.82% |
| TSE:NBRK | 39Underperform | CAD 15.46M | -6.12 | -68.49% | ― | ― | -1878.57% |
| TSE:IGO | 39Underperform | CAD 31.67M | -4.92 | -68.53% | ― | ― | 22.08% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:IGO | Independence Gold | 0.12 | -0.01 | -7.69% | |
| TSE:IRV | Irving Resources | 0.20 | -0.08 | -27.27% | |
| TSE:RAK | Rackla Metals | 0.19 | 0.02 | 11.76% | |
| TSE:RDU | Radius Gold | 0.23 | 0.09 | 64.29% | |
| TSE:SWA | Sarama Resources | 0.03 | -0.01 | -37.50% | |
| TSE:NBRK | New Break Resources Ltd. | 0.17 | -0.12 | -41.38% |
Independence Gold Corporate Events
Independence Gold Launches $6 Million Financing to Advance 3Ts Exploration
PositiveIndependence Gold Corp. has announced a non-brokered equity financing of up to $6 million through the issuance of flow-through common shares and units priced at $0.16, for a maximum of 37.5 million shares. Each unit includes one share and half a warr...
Independence Gold Extends 3Ts Vein Mineralization and Plans New Exploration Program
PositiveIndependence Gold reported assay results from three additional drill holes completed in its 2026 winter and spring program at the 3Ts Gold and Silver Project in British Columbia. The work targeted both the Balrog and Tommy veins, aiming to extend kno...
Independence Gold Confirms High-Grade Continuity at Goofy Vein on 3Ts Project
PositiveIndependence Gold has reported additional high-grade gold and silver drill results from the recently discovered Goofy Vein at its 3Ts Gold Project in British Columbia. A key hole intersected 9.23 metres grading 5.12 g/t gold and 33.04 g/t silver abou...
Independence Gold Hits High-Grade Gold-Silver at Tommy Vein, 3Ts Project
PositiveIndependence Gold Corp. reported strong drill results from the Tommy Vein System at its 3Ts Gold and Silver Project in British Columbia, with hole 3TS-26-34 intersecting 31.04 metres grading 9.07 g/t gold and 70.56 g/t silver. A second hole drilled r...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 14, 2026