Independence Gold (CVE:IGO) Insider Buys C$55,800.00 in Stock

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc acquired 465,000 shares of the stock in a transaction dated Thursday, July 9th. The shares were purchased at an average price of C$0.12 per share, for a total transaction of C$55,800.00. Following the completion of the transaction, the insider owned 33,906,080 shares of the company’s stock, valued at C$4,068,729.60. This trade represents a 1.39% increase in their position.

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

• On Thursday, July 9th, Gestion Bouca Inc bought 8,000 shares of Independence Gold stock. The stock was purchased at an average cost of C$0.12 per share, with a total value of C$960.00.
• On Friday, July 10th, Gestion Bouca Inc purchased 5,000 shares of Independence Gold stock. The shares were acquired at an average price of C$0.11 per share, for a total transaction of C$550.00.
• On Monday, July 6th, Gestion Bouca Inc purchased 370,000 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$40,700.00.
• On Tuesday, July 7th, Gestion Bouca Inc purchased 1,670,080 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$200,409.60.
• On Friday, June 26th, Gestion Bouca Inc acquired 959,500 shares of Independence Gold stock. The shares were 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 bought 1,780,000 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$178,000.00.
• On Tuesday, June 16th, Gestion Bouca Inc bought 478,000 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$47,800.00.
• On Tuesday, June 9th, Gestion Bouca Inc bought 217,000 shares of Independence Gold stock. The stock was acquired at an average cost of C$0.09 per share, for a total transaction of C$19,530.00.
• On Wednesday, June 3rd, Gestion Bouca Inc purchased 290,000 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$29,000.00.
• On Tuesday, May 12th, Gestion Bouca Inc purchased 341,000 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$37,510.00.

Independence Gold Stock Performance

CVE IGO remained flat at C$0.11 during trading on Friday. The company’s stock had a trading volume of 41,555 shares, compared to its average volume of 375,949. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.38 and a current ratio of 4.62. The stock has a fifty day moving average price of C$0.10 and a 200 day moving average price of C$0.10. The firm has a market capitalization of C$29.03 million, a P/E ratio of -3.67 and a beta of 0.29. Independence Gold Corp. has a 12 month low of C$0.08 and a 12 month 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.