Independence Gold (CVE:IGO) Insider Acquires C$271,473.90 in Stock

Key Points

• Gestion Bouca Inc. purchased 1,428,810 Independence Gold shares at an average C$0.19 per share, investing C$271,473.90 and increasing its ownership by 3.43% to 43.15 million shares.
• The insider has made multiple additional purchases in August and September, indicating sustained buying activity in Independence Gold.
• Independence Gold shares were flat at C$0.20, with a market capitalization of approximately C$52.79 million; the stock has traded between C$0.08 and C$0.22 over the past year.

Independence Gold Corp. (CVE:IGO - Get Free Report) insider Gestion Bouca Inc bought 1,428,810 shares of the firm's stock in a transaction that occurred on Tuesday, September 15th. The shares were acquired at an average cost of C$0.19 per share, with a total value of C$271,473.90. Following the purchase, the insider directly owned 43,145,020 shares of the company's stock, valued at C$8,197,553.80. This trade represents a 3.43% increase in their ownership of the stock.

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 acquired at an average cost of C$0.21 per share, for a total transaction of C$58,275.00.
• On Wednesday, September 9th, Gestion Bouca Inc purchased 70,000 shares of Independence Gold stock. The shares were acquired at an average price of C$0.20 per share, for a total transaction of C$14,000.00.
• On Thursday, September 10th, Gestion Bouca Inc acquired 1,339,972 shares of Independence Gold stock. The shares were bought at an average cost of C$0.20 per share, with a total value of C$267,994.40.
• On Friday, September 11th, Gestion Bouca Inc acquired 570,500 shares of Independence Gold stock. The stock was bought at an average price of C$0.20 per share, with a total value of C$114,100.00.
• On Monday, September 14th, Gestion Bouca Inc bought 598,054 shares of Independence Gold stock. The shares were bought 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 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 bought 700,088 shares of Independence Gold stock. The stock was purchased at an average price of C$0.12 per share, with a total value 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 cost 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, for a total transaction of C$28,730.00.

Independence Gold Price Performance

CVE:IGO remained flat at C$0.20 on Monday. The company's stock had a trading volume of 114,493 shares, compared to its average volume of 418,175. The company's 50 day moving average price is C$0.14 and its two-hundred day moving average price is C$0.12. The company has a market cap of C$52.79 million, a P/E ratio of -6.67 and a beta of 0.57. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.38 and a current ratio of 2.52. Independence Gold Corp. has a 1-year low of C$0.08 and a 1-year high of C$0.22.

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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