Independence Gold (CVE:IGO) Insider Acquires 1,780,000 Shares of Stock

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc purchased 1,780,000 shares of the business’s stock in a transaction that occurred on Saturday, June 27th. The stock was acquired at an average price of C$0.10 per share, for a total transaction of C$178,000.00. Following the acquisition, the insider directly owned 31,771,000 shares of the company’s stock, valued at C$3,177,100. This trade represents a 5.94% increase in their position.

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

• On Friday, June 26th, Gestion Bouca Inc acquired 959,500 shares of Independence Gold stock. The shares were acquired at an average price of C$0.10 per share, with a total value of C$95,950.00.
• On Tuesday, June 16th, Gestion Bouca Inc acquired 478,000 shares of Independence Gold stock. The shares were acquired at an average price of C$0.10 per share, with a total value of C$47,800.00.
• On Tuesday, June 9th, Gestion Bouca Inc acquired 217,000 shares of Independence Gold stock. The stock was 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 cost of C$0.10 per share, for a total transaction of C$29,000.00.
• On Tuesday, May 12th, Gestion Bouca Inc bought 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 Down 5.0%

Shares of CVE:IGO traded down C$0.01 during midday trading on Tuesday, hitting C$0.10. 65,750 shares of the company’s stock traded hands, compared to its average volume of 365,007. The firm’s fifty day moving average price is C$0.10 and its two-hundred day moving average price is C$0.10. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.38 and a current ratio of 4.62. Independence Gold Corp. has a twelve month low of C$0.08 and a twelve month high of C$0.21. The company has a market cap of C$25.08 million, a PE ratio of -3.17 and a beta of 0.33.

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.