Insider Buying: Independence Gold (CVE:IGO) Insider Buys C$84,010.56 in Stock

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc purchased 700,088 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price of C$0.12 per share, for a total transaction of C$84,010.56. Following the completion of the transaction, the insider directly owned 36,751,304 shares of the company’s stock, valued at C$4,410,156.48. This represents a 1.94% increase in their ownership of the stock.

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

• On Tuesday, August 11th, Gestion Bouca Inc acquired 141,880 shares of Independence Gold stock. The stock was purchased at an average price of C$0.13 per share, with a total value of C$18,444.40.
• On Wednesday, August 12th, Gestion Bouca Inc acquired 221,000 shares of Independence Gold stock. The shares were purchased at an average cost of C$0.13 per share, with a total value of C$28,730.00.
• On Friday, July 24th, Gestion Bouca Inc bought 121,000 shares of Independence Gold stock. The shares were acquired at an average price of C$0.12 per share, for a total transaction of C$14,520.00.
• On Wednesday, July 22nd, Gestion Bouca Inc bought 61,000 shares of Independence Gold stock. The stock was acquired at an average cost of C$0.12 per share, for a total transaction of C$7,320.00.
• On Wednesday, July 22nd, Gestion Bouca Inc bought 100,000 shares of Independence Gold stock. The stock was acquired at an average cost of C$0.12 per share, for a total transaction of C$12,000.00.
• On Wednesday, July 22nd, Gestion Bouca Inc purchased 164,000 shares of Independence Gold stock. The stock was acquired at an average price of C$0.12 per share, with a total value of C$19,680.00.
• 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 16th, Gestion Bouca Inc acquired 453,636 shares of Independence Gold stock. The shares were acquired at an average cost of C$0.12 per share, for a total transaction of C$54,436.32.
• On Thursday, July 9th, Gestion Bouca Inc acquired 465,000 shares of Independence Gold stock. The stock was acquired at an average price of C$0.12 per share, for a total transaction of C$55,800.00.
• On Thursday, July 9th, Gestion Bouca Inc bought 8,000 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$960.00.

Independence Gold Price Performance

Shares of IGO stock remained flat at C$0.13 during trading hours on Thursday. 52,574 shares of the stock traded hands, compared to its average volume of 367,879. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.38 and a current ratio of 4.62. The stock has a 50-day moving average price of C$0.11 and a two-hundred day moving average price of C$0.10. Independence Gold Corp. has a 1 year low of C$0.08 and a 1 year high of C$0.21. The firm has a market cap of C$34.31 million, a PE ratio of -4.33 and a beta of 0.29.

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.