Independence Gold Corp. (CVE:IGO – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$0.12 and traded as high as C$0.13. Independence Gold shares last traded at C$0.12, with a volume of 116,500 shares changing hands.
Independence Gold Stock Performance
The stock’s fifty day simple moving average is C$0.16 and its 200-day simple moving average is C$0.12. The company has a market capitalization of C$32.99 million, a PE ratio of -4.17 and a beta of 0.43. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.38 and a current ratio of 2.52.
Insider Buying and Selling
In other Independence Gold news, insider Gestion Bouca Inc purchased 1,428,810 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average cost of C$0.19 per share, with a total value of C$271,473.90. Following the acquisition, the insider owned 43,145,020 shares of the company’s stock, valued at approximately C$8,197,553.80. This represents a 3.43% increase in their position. Insiders have acquired a total of 5,680,710 shares of company stock valued at $1,027,930 over the last three months. Insiders own 12.50% of the company’s stock.
About Independence Gold
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.
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