Insider Buying: Independence Gold (CVE:IGO) Insider Buys 270,500 Shares of Stock

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc purchased 270,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The stock was bought at an average cost of C$0.12 per share, for a total transaction of C$32,460.00. Following the completion of the purchase, the insider directly owned 45,834,632 shares in the company, valued at C$5,500,155.84. This represents a 0.59% increase in their position.

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

• On Tuesday, October 27th, Gestion Bouca Inc acquired 402,500 shares of Independence Gold stock. The stock was purchased at an average price of C$0.13 per share, for a total transaction of C$52,325.00.
• On Wednesday, October 28th, Gestion Bouca Inc acquired 1,526,030 shares of Independence Gold stock. The shares were purchased at an average price of C$0.12 per share, with a total value of C$183,123.60.
• On Friday, October 30th, Gestion Bouca Inc acquired 309,500 shares of Independence Gold stock. The shares were purchased at an average price of C$0.12 per share, with a total value of C$37,140.00.
• On Tuesday, September 8th, Gestion Bouca Inc bought 277,500 shares of Independence Gold stock. The shares were purchased at an average cost of C$0.21 per share, with a total value of C$58,275.00.
• On Wednesday, September 9th, Gestion Bouca Inc bought 70,000 shares of Independence Gold stock. The shares were purchased at an average cost of C$0.20 per share, with a total value of C$14,000.00.
• On Thursday, September 10th, Gestion Bouca Inc bought 1,339,972 shares of Independence Gold stock. The stock was purchased at an average price of C$0.20 per share, for a total transaction of C$267,994.40.
• On Friday, September 11th, Gestion Bouca Inc purchased 570,500 shares of Independence Gold stock. The stock was purchased at an average cost of C$0.20 per share, for a total transaction of C$114,100.00.
• On Monday, September 14th, Gestion Bouca Inc purchased 598,054 shares of Independence Gold stock. The stock was purchased at an average cost of C$0.18 per share, for a total transaction of C$107,649.72.
• On Tuesday, September 15th, Gestion Bouca Inc purchased 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 purchased 111,000 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$21,090.00.

Independence Gold Price Performance

CVE IGO traded down C$0.01 during mid-day trading on Friday, hitting C$0.11. The stock had a trading volume of 65,500 shares, compared to its average volume of 399,104. The firm’s 50 day moving average is C$0.15 and its 200 day 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. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.52 and a quick ratio of 0.38. The stock has a market capitalization of C$29.03 million, a price-to-earnings ratio of -3.67 and a beta of 1.37.

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.