Insider Buying: Independence Gold (CVE:IGO) Insider Buys C$29,000.00 in Stock

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

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

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

Independence Gold Price Performance

IGO opened at C$0.09 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.38 and a current ratio of 4.62. Independence Gold Corp. has a 52-week low of C$0.08 and a 52-week high of C$0.21. The stock has a market capitalization of C$23.76 million, a PE ratio of -3.00 and a beta of 0.33. The stock’s 50 day moving average price is C$0.10 and its 200-day moving average price is C$0.10.

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.