Gestion Bouca Inc Acquires 598,054 Shares of Independence Gold (CVE:IGO) Stock

Key Points

• Gestion Bouca Inc. increased its Independence Gold stake by purchasing 598,054 shares at C$0.18 each for approximately C$107,650, bringing its holdings to 41.7 million shares valued at about C$7.5 million.
• The insider made several additional purchases in August and September, including more than 1.4 million shares on September 15 at C$0.19 per share, signaling sustained buying activity.
• Independence Gold shares were flat at C$0.20, with a market capitalization of approximately C$52.8 million; the company explores gold and silver properties in British Columbia.

Independence Gold Corp. (CVE:IGO - Get Free Report) insider Gestion Bouca Inc purchased 598,054 shares of the company's stock in a transaction that occurred on Monday, September 14th. The stock was acquired at an average cost of C$0.18 per share, for a total transaction of C$107,649.72. Following the transaction, the insider owned 41,716,210 shares in the company, valued at C$7,508,917.80. This represents a 1.45% increase in their position.

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

• On Tuesday, September 8th, Gestion Bouca Inc acquired 277,500 shares of Independence Gold stock. The shares were bought 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 acquired 70,000 shares of Independence Gold stock. The stock was bought 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 bought 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 bought 570,500 shares of Independence Gold stock. The shares were bought at an average cost of C$0.20 per share, for a total transaction of C$114,100.00.
• On Tuesday, September 15th, Gestion Bouca Inc purchased 1,428,810 shares of Independence Gold stock. The shares were bought 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 stock was bought at an average cost of C$0.19 per share, with a total value of C$21,090.00.
• On Wednesday, September 16th, Gestion Bouca Inc acquired 221,906 shares of Independence Gold stock. The shares were bought at an average price of C$0.19 per share, for a total transaction of C$42,162.14.
• On Tuesday, August 11th, Gestion Bouca Inc acquired 700,088 shares of Independence Gold stock. The shares were purchased at an average cost of C$0.12 per share, for a total transaction of C$84,010.56.
• On Tuesday, August 11th, Gestion Bouca Inc bought 141,880 shares of Independence Gold stock. The stock was purchased at an average price of C$0.13 per share, with a total value of C$18,444.40.
• On Wednesday, August 12th, Gestion Bouca Inc bought 221,000 shares of Independence Gold stock. The stock was purchased at an average price of C$0.13 per share, with a total value of C$28,730.00.

Independence Gold Price Performance

Shares of IGO stock remained flat at C$0.20 on Monday. 114,493 shares of the stock traded hands, compared to its average volume of 418,175. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.38 and a current ratio of 2.52. The company's 50-day moving average is C$0.14 and its 200 day moving average is C$0.12. Independence Gold Corp. has a 52 week low of C$0.08 and a 52 week high of C$0.22. The company has a market cap of C$52.79 million, a PE ratio of -6.67 and a beta of 0.57.

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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