Gestion Bouca Inc Purchases 341,000 Shares of Independence Gold (CVE:IGO) Stock

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc bought 341,000 shares of Independence Gold stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of C$0.11 per share, for a total transaction of C$37,510.00. Following the purchase, the insider owned 28,991,000 shares of the company’s stock, valued at approximately C$3,189,010. This trade represents a 1.19% increase in their position.

Independence Gold Trading Down 4.5%

Shares of IGO opened at C$0.11 on Friday. 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$27.71 million, a P/E ratio of -3.50 and a beta of 0.47. The company has a current ratio of 6.44, a quick ratio of 0.38 and a debt-to-equity ratio of 1.40. The company’s fifty day simple moving average is C$0.10 and its 200-day simple moving average is C$0.10.

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.