Insider Buying: Independence Gold (CVE:IGO) Insider Buys 1,670,080 Shares of Stock

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc bought 1,670,080 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average price of C$0.12 per share, for a total transaction of C$200,409.60. Following the acquisition, the insider owned 33,441,080 shares of the company’s stock, valued at C$4,012,929.60. This trade represents a 5.26% increase in their ownership of the stock.

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

• On Monday, July 6th, Gestion Bouca Inc purchased 370,000 shares of Independence Gold stock. The shares were acquired at an average price of C$0.11 per share, with a total value of C$40,700.00.
• On Friday, June 26th, Gestion Bouca Inc acquired 959,500 shares of Independence Gold stock. The stock was acquired at an average cost of C$0.10 per share, with a total value of C$95,950.00.
• On Saturday, June 27th, Gestion Bouca Inc acquired 1,780,000 shares of Independence Gold stock. The stock was acquired at an average cost of C$0.10 per share, for a total transaction of C$178,000.00.
• On Tuesday, June 16th, Gestion Bouca Inc bought 478,000 shares of Independence Gold stock. The shares were acquired at an average price 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 shares were acquired at an average cost of C$0.09 per share, with a total value of C$19,530.00.
• On Wednesday, June 3rd, Gestion Bouca Inc bought 290,000 shares of Independence Gold stock. The stock was acquired at an average price 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 stock was acquired at an average cost of C$0.11 per share, for a total transaction of C$37,510.00.

Independence Gold Stock Performance

Shares of Independence Gold stock remained flat at C$0.11 on Wednesday. The company’s stock had a trading volume of 201,859 shares, compared to its average volume of 376,064. The firm has a market cap of C$29.03 million, a P/E ratio of -3.67 and a beta of 0.29. 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 quick ratio of 0.38, a current ratio of 4.62 and a debt-to-equity ratio of 1.13. The business has a 50 day moving average price of C$0.10 and a 200-day moving average price of 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.