Insider Buying: Independence Gold (CVE:IGO) Insider Purchases 164,000 Shares of Stock

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc purchased 164,000 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was acquired at an average cost of C$0.12 per share, for a total transaction of C$19,680.00. Following the completion of the purchase, the insider owned 35,545,716 shares of the company’s stock, valued at approximately C$4,265,485.92. This represents a 0.46% increase in their position.

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

• On Wednesday, July 22nd, Gestion Bouca Inc acquired 61,000 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$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 15th, Gestion Bouca Inc bought 90,000 shares of Independence Gold stock. The shares were bought at an average price of C$0.11 per share, for a total transaction of C$9,900.00.
• On Thursday, July 16th, Gestion Bouca Inc purchased 453,636 shares of Independence Gold stock. The stock was bought at an average cost of C$0.12 per share, with a total value of C$54,436.32.
• On Thursday, July 9th, Gestion Bouca Inc acquired 465,000 shares of Independence Gold stock. The shares were bought 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 stock was bought at an average price of C$0.12 per share, with a total value of C$960.00.
• On Friday, July 10th, Gestion Bouca Inc bought 5,000 shares of Independence Gold stock. The stock was 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, for a total transaction of C$40,700.00.
• On Tuesday, July 7th, Gestion Bouca Inc purchased 1,670,080 shares of Independence Gold stock. The shares were purchased 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 cost of C$0.10 per share, with a total value of C$95,950.00.

Independence Gold Trading Down 4.2%

CVE:IGO traded down C$0.01 on Thursday, hitting C$0.12. The stock had a trading volume of 421,845 shares, compared to its average volume of 377,619. The company has a quick ratio of 0.38, a current ratio of 4.62 and a debt-to-equity ratio of 1.13. The stock has a market cap of C$30.35 million, a price-to-earnings ratio of -3.83 and a beta of 0.29. The company has a fifty day moving average price of C$0.10 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.

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.