Insider Buying: Independence Gold (CVE:IGO) Insider Acquires 453,636 Shares of Stock

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc purchased 453,636 shares of the company’s stock in a transaction that occurred on Thursday, July 16th. The shares were purchased at an average cost of C$0.12 per share, for a total transaction of C$54,436.32. Following the completion of the transaction, the insider directly owned 34,359,716 shares of the company’s stock, valued at C$4,123,165.92. This represents a 1.34% increase in their ownership of the stock.

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

• On Wednesday, July 15th, Gestion Bouca Inc purchased 90,000 shares of Independence Gold stock. The shares were acquired at an average cost of C$0.11 per share, with a total value of C$9,900.00.
• On Thursday, July 9th, Gestion Bouca Inc bought 465,000 shares of Independence Gold stock. The shares were acquired at an average cost of C$0.12 per share, with a total value of C$55,800.00.
• On Thursday, July 9th, Gestion Bouca Inc bought 8,000 shares of Independence Gold stock. The stock was bought at an average price of C$0.12 per share, for a total transaction of C$960.00.
• On Friday, July 10th, Gestion Bouca Inc bought 5,000 shares of Independence Gold stock. The shares were bought at an average cost of C$0.11 per share, with a total value of C$550.00.
• On Monday, July 6th, Gestion Bouca Inc purchased 370,000 shares of Independence Gold stock. The shares were bought at an average price of C$0.11 per share, with a total value of C$40,700.00.
• On Tuesday, July 7th, Gestion Bouca Inc purchased 1,670,080 shares of Independence Gold stock. The stock was bought at an average cost of C$0.12 per share, for a total transaction of C$200,409.60.
• On Friday, June 26th, Gestion Bouca Inc acquired 959,500 shares of Independence Gold stock. The stock was purchased at an average price of C$0.10 per share, for a total transaction of C$95,950.00.
• On Saturday, June 27th, Gestion Bouca Inc acquired 1,780,000 shares of Independence Gold stock. The stock was purchased at an average price of C$0.10 per share, for a total transaction of C$178,000.00.
• On Tuesday, June 16th, Gestion Bouca Inc acquired 478,000 shares of Independence Gold stock. The shares were purchased at an average cost of C$0.10 per share, with a total value of C$47,800.00.
• On Tuesday, June 9th, Gestion Bouca Inc bought 217,000 shares of Independence Gold stock. The stock was purchased at an average cost of C$0.09 per share, with a total value of C$19,530.00.

Independence Gold Stock Performance

CVE:IGO traded down C$0.01 during trading hours on Friday, reaching C$0.10. The stock had a trading volume of 9,550 shares, compared to its average volume of 367,968. The stock has a market cap of C$27.71 million, a P/E ratio of -3.50 and a beta of 0.29. The stock has a 50 day simple moving average of C$0.10 and a 200 day simple moving average of C$0.10. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.38 and a current ratio of 4.62. Independence Gold Corp. has a 12-month low of C$0.08 and a 12-month 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.