Gestion Bouca Inc Buys 290,000 Shares of Independence Gold (CVE:IGO) Stock

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc acquired 290,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average cost of C$0.10 per share, for a total transaction of C$29,000.00. Following the completion of the acquisition, the insider directly owned 2,662,500 shares of the company’s stock, valued at approximately C$266,250. The trade was a 12.22% increase in their ownership of the stock.

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

• On Tuesday, May 12th, Gestion Bouca Inc acquired 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 Price Performance

Shares of IGO opened at C$0.09 on Thursday. The firm has a market capitalization of C$23.76 million, a PE ratio of -3.00 and a beta of 0.33. 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 Corp. has a 1-year low of C$0.08 and a 1-year high of C$0.21. The company’s fifty day moving average price is C$0.10 and its 200-day moving average price is C$0.10.

About Independence Gold

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.