Insider Buying: Independence Gold (CVE:IGO) Insider Buys C$37,140.00 in Stock

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc bought 309,500 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was bought at an average price of C$0.12 per share, with a total value of C$37,140.00. Following the completion of the acquisition, the insider owned 46,144,132 shares of the company’s stock, valued at C$5,537,295.84. This trade represents a 0.68% increase in their position.

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

• On Tuesday, October 27th, Gestion Bouca Inc purchased 402,500 shares of Independence Gold stock. The shares were bought at an average cost of C$0.13 per share, with a total value of C$52,325.00.
• On Wednesday, October 28th, Gestion Bouca Inc purchased 1,526,030 shares of Independence Gold stock. The shares were bought at an average cost of C$0.12 per share, for a total transaction of C$183,123.60.
• On Thursday, October 29th, Gestion Bouca Inc purchased 270,500 shares of Independence Gold stock. The shares were bought at an average cost of C$0.12 per share, for a total transaction of C$32,460.00.
• On Tuesday, September 8th, Gestion Bouca Inc purchased 277,500 shares of Independence Gold stock. The stock was bought at an average price of C$0.21 per share, for a total transaction of C$58,275.00.
• On Wednesday, September 9th, Gestion Bouca Inc purchased 70,000 shares of Independence Gold stock. The stock was bought at an average price of C$0.20 per share, for a total transaction of C$14,000.00.
• On Thursday, September 10th, Gestion Bouca Inc acquired 1,339,972 shares of Independence Gold stock. The shares were bought at an average cost of C$0.20 per share, with a total value of C$267,994.40.
• On Friday, September 11th, Gestion Bouca Inc acquired 570,500 shares of Independence Gold stock. The shares were bought at an average cost of C$0.20 per share, with a total value of C$114,100.00.
• On Monday, September 14th, Gestion Bouca Inc acquired 598,054 shares of Independence Gold stock. The shares were purchased at an average price of C$0.18 per share, with a total value of C$107,649.72.
• On Tuesday, September 15th, Gestion Bouca Inc acquired 1,428,810 shares of Independence Gold stock. The shares were purchased at an average price of C$0.19 per share, with a total value of C$271,473.90.
• On Tuesday, September 15th, Gestion Bouca Inc bought 111,000 shares of Independence Gold stock. The stock was purchased at an average cost of C$0.19 per share, for a total transaction of C$21,090.00.

Independence Gold Stock Performance

Shares of IGO opened at C$0.12 on Monday. The company has a current ratio of 2.52, a quick ratio of 0.38 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of C$30.35 million, a P/E ratio of -3.83 and a beta of 1.37. The stock’s fifty day simple moving average is C$0.15 and its 200 day simple moving average is C$0.12. Independence Gold Corp. has a twelve month low of C$0.08 and a twelve month high of C$0.22.

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.