Gestion Bouca Inc Acquires 70,000 Shares of Independence Gold (CVE:IGO) Stock

Key Points

• Gestion Bouca Inc. purchased 70,000 Independence Gold shares at an average price of C$0.20, investing C$14,000 and increasing its holdings to 8,952,500 shares valued at approximately C$1.79 million.
• The insider has made several additional purchases in August and September, including 1.34 million shares on September 10 and 1.43 million shares on September 15, signaling sustained buying activity.
• Independence Gold shares remained 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 and elsewhere in North America.

Independence Gold Corp. (CVE:IGO - Get Free Report) insider Gestion Bouca Inc bought 70,000 shares of the company's stock in a transaction dated Wednesday, September 9th. The stock was bought at an average cost of C$0.20 per share, with a total value of C$14,000.00. Following the completion of the acquisition, the insider owned 8,952,500 shares in the company, valued at C$1,790,500. This represents a 0.79% increase in their position.

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

• On Tuesday, September 8th, Gestion Bouca Inc purchased 277,500 shares of Independence Gold stock. The stock was bought at an average cost of C$0.21 per share, for a total transaction of C$58,275.00.
• On Thursday, September 10th, Gestion Bouca Inc purchased 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 purchased 570,500 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$114,100.00.
• On Monday, September 14th, Gestion Bouca Inc acquired 598,054 shares of Independence Gold stock. The shares were bought at an average price of C$0.18 per share, with a total value of C$107,649.72.
• On Tuesday, September 15th, Gestion Bouca Inc acquired 1,428,810 shares of Independence Gold stock. The shares were bought at an average cost of C$0.19 per share, with a total value of C$271,473.90.
• On Tuesday, September 15th, Gestion Bouca Inc bought 111,000 shares of Independence Gold stock. The stock was purchased at an average price of C$0.19 per share, for a total transaction of C$21,090.00.
• On Wednesday, September 16th, Gestion Bouca Inc bought 221,906 shares of Independence Gold stock. The stock was purchased 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 bought 700,088 shares of Independence Gold stock. The stock was 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 shares were 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 purchased 221,000 shares of Independence Gold stock. The shares were purchased at an average cost of C$0.13 per share, with a total value of C$28,730.00.

Independence Gold Price Performance

CVE:IGO remained flat at C$0.20 on Monday. 114,493 shares of the company's stock were exchanged, compared to its average volume of 418,175. 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 firm has a market cap of C$52.79 million, a P/E ratio of -6.67 and a beta of 0.57. Independence Gold Corp. has a 52-week low of C$0.08 and a 52-week high of C$0.22. The stock's fifty day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.12.

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.

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