Independence Group (OTCMKTS:IPGDF) Cut to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Independence Group (OTCMKTS:IPGDF) from an overweight rating to a neutral rating in a report published on Wednesday morning, The Fly reports.

Separately, Goldman Sachs Group raised Independence Group from a sell rating to a neutral rating in a research report on Friday, April 3rd.

IPGDF opened at $4.04 on Wednesday. Independence Group has a 12 month low of $2.00 and a 12 month high of $4.84. The stock has a fifty day moving average price of $3.62 and a 200-day moving average price of $3.51.

About Independence Group

Independence Group NL operates as a mining and exploration company in Australia. It operates through Nova Operation and Tropicana Operation segments. The company owns a 100% interest in the Nova project, which produces nickel, copper, and cobalt concentrates located to the east-northeast of Norseman; and 30% interest in the Tropicana gold mine covering 3,600 square kilometers of tenements located to the east northeast of Kalgoorlie.

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