Independence Gold (CVE:IGO) Insider Purchases C$42,162.14 in Stock

Key Points

• Insider Gestion Bouca Inc. purchased 221,906 Independence Gold shares at an average price of C$0.19, spending C$42,162.14 and increasing its ownership by 0.51% to 43.37 million shares.
• The purchase continued a series of recent insider acquisitions, totaling several million shares in August and September at prices ranging from C$0.12 to C$0.21.
• 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 purchased 221,906 shares of the firm's stock in a transaction on Wednesday, September 16th. The shares were purchased at an average cost of C$0.19 per share, for a total transaction of C$42,162.14. Following the completion of the purchase, the insider directly owned 43,366,926 shares in the company, valued at C$8,239,715.94. The trade was a 0.51% increase in their ownership of the stock.

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 stock was 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 price of C$0.20 per share, for a total transaction 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 cost of C$0.20 per share, with a total value of C$267,994.40.
• On Friday, September 11th, Gestion Bouca Inc purchased 570,500 shares of Independence Gold stock. The stock was acquired 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 purchased 598,054 shares of Independence Gold stock. The shares were acquired 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 acquired 1,428,810 shares of Independence Gold stock. The stock was acquired 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 acquired at an average price of C$0.19 per share, with a total value of C$21,090.00.
• On Tuesday, August 11th, Gestion Bouca Inc bought 700,088 shares of Independence Gold stock. The shares were acquired at an average price of C$0.12 per share, for a total transaction of C$84,010.56.
• On Tuesday, August 11th, Gestion Bouca Inc purchased 141,880 shares of Independence Gold stock. The stock was acquired at an average cost of C$0.13 per share, for a total transaction of C$18,444.40.
• On Wednesday, August 12th, Gestion Bouca Inc acquired 221,000 shares of Independence Gold stock. The shares were bought at an average cost 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 during trading hours on Monday. 114,493 shares of the stock traded hands, compared to its average volume of 418,175. The stock has a market cap of C$52.79 million, a price-to-earnings ratio of -6.67 and a beta of 0.57. Independence Gold Corp. has a 1-year low of C$0.08 and a 1-year high of C$0.22. 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 business's 50-day moving average price is C$0.14 and its two-hundred day moving average price is C$0.12.

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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