Independence Gold (CVE:IGO) Insider Buys 1,780,000 Shares

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc acquired 1,780,000 shares of the company’s stock in a transaction dated Saturday, June 27th. The shares were bought at an average cost of C$0.10 per share, with a total value of C$178,000.00. Following the purchase, the insider owned 31,771,000 shares in the company, valued at approximately C$3,177,100. The trade was a 5.94% increase in their ownership of the stock.

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

• On Friday, June 26th, Gestion Bouca Inc bought 959,500 shares of Independence Gold stock. The stock was bought at an average cost of C$0.10 per share, for a total transaction of C$95,950.00.
• On Tuesday, June 16th, Gestion Bouca Inc bought 478,000 shares of Independence Gold stock. The stock was bought at an average cost of C$0.10 per share, for a total transaction of C$47,800.00.
• On Tuesday, June 9th, Gestion Bouca Inc bought 217,000 shares of Independence Gold stock. The stock was bought at an average price of C$0.09 per share, with a total value of C$19,530.00.
• On Wednesday, June 3rd, Gestion Bouca Inc purchased 290,000 shares of Independence Gold stock. The shares were bought at an average cost of C$0.10 per share, with a total value of C$29,000.00.
• On Tuesday, May 12th, Gestion Bouca Inc purchased 341,000 shares of Independence Gold stock. The shares were bought at an average cost of C$0.11 per share, for a total transaction of C$37,510.00.

Independence Gold Trading Down 5.0%

CVE:IGO traded down C$0.01 during trading hours on Tuesday, reaching C$0.10. 65,750 shares of the company were exchanged, compared to its average volume of 365,007. The firm has a market cap of C$25.08 million, a price-to-earnings ratio of -3.17 and a beta of 0.33. The stock has a 50 day simple moving average of C$0.10 and a 200 day simple moving average of C$0.10. Independence Gold Corp. has a 52-week low of C$0.08 and a 52-week high of C$0.21. The company has a debt-to-equity ratio of 1.13, a current ratio of 4.62 and a quick ratio of 0.38.

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.