Insider Buying: Independence Gold (CVE:IGO) Insider Acquires C$40,700.00 in Stock

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc acquired 370,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were purchased at an average cost of C$0.11 per share, for a total transaction of C$40,700.00. Following the completion of the acquisition, the insider owned 5,581,000 shares in the company, valued at C$613,910. This represents a 7.10% increase in their position.

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

• On Tuesday, July 7th, Gestion Bouca Inc bought 1,670,080 shares of Independence Gold stock. The shares were purchased at an average price of C$0.12 per share, with a total value of C$200,409.60.
• On Friday, June 26th, Gestion Bouca Inc acquired 959,500 shares of Independence Gold stock. The stock was bought at an average price of C$0.10 per share, with a total value of C$95,950.00.
• On Saturday, June 27th, Gestion Bouca Inc purchased 1,780,000 shares of Independence Gold stock. The stock was purchased 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, with a total value of C$47,800.00.
• On Tuesday, June 9th, Gestion Bouca Inc purchased 217,000 shares of Independence Gold stock. The shares were purchased at an average price of C$0.09 per share, for a total transaction of C$19,530.00.
• On Wednesday, June 3rd, Gestion Bouca Inc acquired 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 bought 341,000 shares of Independence Gold stock. The stock was purchased at an average cost of C$0.11 per share, for a total transaction of C$37,510.00.

Independence Gold Price Performance

IGO stock opened at C$0.11 on Friday. The stock 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 twelve month low of C$0.08 and a twelve month high of C$0.21. The business’s 50-day moving average price is C$0.10 and its 200-day moving average price is C$0.10. The company has a quick ratio of 0.38, a current ratio of 4.62 and a debt-to-equity ratio of 1.13.

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.