Insider Buying: Independence Gold (CVE:IGO) Insider Acquires C$58,275.00 in Stock

Key Points

• Insider buying increased significantly: Gestion Bouca Inc. purchased 277,500 Independence Gold shares for C$58,275 at C$0.21 each, raising its direct ownership by 3.22% to 8,882,500 shares. The insider also made several additional purchases in August and September.
• Shares remained flat at C$0.20 during mid-day trading, with the stock’s 50-day and 200-day moving averages at C$0.14 and C$0.12, respectively. Independence Gold has a C$52.79 million market capitalization and a one-year trading range of C$0.08 to C$0.22.
• Independence Gold explores for gold and silver in Canada and North America, including its 100%-owned 3Ts and Laidman projects in British Columbia.

Independence Gold Corp. (CVE:IGO - Get Free Report) insider Gestion Bouca Inc bought 277,500 shares of the firm's stock in a transaction on Tuesday, September 8th. The shares were bought at an average cost of C$0.21 per share, with a total value of C$58,275.00. Following the transaction, the insider directly owned 8,882,500 shares of the company's stock, valued at approximately C$1,865,325. This trade represents a 3.22% increase in their ownership of the stock.

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

• On Wednesday, September 9th, Gestion Bouca Inc purchased 70,000 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$14,000.00.
• On Thursday, September 10th, Gestion Bouca Inc acquired 1,339,972 shares of Independence Gold stock. The stock was purchased at an average price 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 shares were purchased at an average cost 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 stock was purchased at an average price of C$0.18 per share, for a total transaction of C$107,649.72.
• On Tuesday, September 15th, Gestion Bouca Inc bought 1,428,810 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$271,473.90.
• On Tuesday, September 15th, Gestion Bouca Inc bought 111,000 shares of Independence Gold stock. The shares were purchased 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 purchased 221,906 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$42,162.14.
• On Tuesday, August 11th, Gestion Bouca Inc purchased 700,088 shares of Independence Gold stock. The stock was acquired 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 acquired 141,880 shares of Independence Gold stock. The stock was acquired at an average price 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 acquired at an average cost of C$0.13 per share, with a total value of C$28,730.00.

Independence Gold Stock Performance

CVE:IGO remained flat at C$0.20 during mid-day trading on Monday. The company had a trading volume of 114,493 shares, compared to its average volume of 418,175. The firm's 50 day moving average price is C$0.14 and its 200 day moving average price is C$0.12. 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 market capitalization of C$52.79 million, a price-to-earnings ratio of -6.67 and a beta of 0.57. The company has a quick ratio of 0.38, a current ratio of 2.52 and a debt-to-equity ratio of 1.31.

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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