Insider Buying: Independence Gold (CVE:IGO) Insider Buys C$47,800.00 in Stock

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc purchased 478,000 shares of the stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average cost of C$0.10 per share, for a total transaction of C$47,800.00. Following the completion of the acquisition, the insider directly owned 3,357,500 shares of the company’s stock, valued at approximately C$335,750. This trade represents a 16.60% increase in their position.

Gestion Bouca Inc also recently made the following trade(s):

• On Tuesday, June 9th, Gestion Bouca Inc acquired 217,000 shares of Independence Gold stock. The stock was bought at an average cost of C$0.09 per share, with a total value of C$19,530.00.
• On Wednesday, June 3rd, Gestion Bouca Inc bought 290,000 shares of Independence Gold stock. The stock was bought at an average price of C$0.10 per share, with a total value of C$29,000.00.
• On Tuesday, May 12th, Gestion Bouca Inc bought 341,000 shares of Independence Gold stock. The stock was bought at an average price of C$0.11 per share, with a total value of C$37,510.00.

Independence Gold Price Performance

Independence Gold stock opened at C$0.10 on Friday. The stock has a market cap of C$26.39 million, a price-to-earnings ratio of -3.33 and a beta of 0.33. The company has a current ratio of 4.62, a quick ratio of 0.38 and a debt-to-equity ratio of 1.13. The company’s 50-day moving average price is C$0.10 and its two-hundred day moving average price is C$0.10. Independence Gold Corp. has a 52 week low of C$0.08 and a 52 week high of C$0.21.

Independence Gold Company Profile

Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in Canada and North America. It explores for gold and silver deposits. The company holds 100% interest in the 3Ts Project comprising six claim groups and consist of seventy mineral claims covering an approximately 8,840 hectares located in the Nechako Plateau region of central British Columbia; and the Laidman Project comprising six mineral tenures covering an approximately 10,800 hectares located in the British Columbia.