Insider Buying: Independence Gold (CVE:IGO) Insider Acquires 290,000 Shares of Stock

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc acquired 290,000 shares of the stock in a transaction on Wednesday, June 3rd. The shares were bought at an average price of C$0.10 per share, with a total value of C$29,000.00. Following the purchase, the insider directly owned 2,662,500 shares of the company’s stock, valued at C$266,250. The trade was a 12.22% increase in their position.

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

• On Tuesday, May 12th, Gestion Bouca Inc acquired 341,000 shares of Independence Gold stock. The shares were bought at an average price of C$0.11 per share, with a total value of C$37,510.00.

Independence Gold Stock Up 5.6%

CVE:IGO traded up C$0.01 during trading hours on Tuesday, reaching C$0.10. 339,500 shares of the company traded hands, compared to its average volume of 383,180. The business’s 50-day moving average price is C$0.10 and its two-hundred day moving average price is C$0.10. The stock has a market capitalization of C$25.08 million, a P/E ratio of -3.17 and a beta of 0.33. Independence Gold Corp. has a 1 year low of C$0.08 and a 1 year high of C$0.21. The company has a current ratio of 4.62, a quick ratio of 0.38 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.