Insider Buying: Independence Gold (CVE:IGO) Insider Purchases 1,339,972 Shares

Key Points

• Gestion Bouca Inc. purchased 1,339,972 Independence Gold shares at an average price of C$0.20, investing approximately C$267,994 and increasing its stake by 3.42% to 40.55 million shares.
• The insider made several additional purchases in August and September, signaling sustained buying activity totaling millions of shares at prices ranging from C$0.12 to C$0.21.
• Independence Gold shares remained flat at C$0.20, giving the company 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 1,339,972 shares of the stock in a transaction on Thursday, September 10th. The stock was acquired at an average cost of C$0.20 per share, with a total value of C$267,994.40. Following the acquisition, the insider owned 40,547,656 shares of the company's stock, valued at approximately C$8,109,531.20. This represents a 3.42% 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 price of C$0.21 per share, for a total transaction of C$58,275.00.
• On Wednesday, September 9th, Gestion Bouca Inc bought 70,000 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$14,000.00.
• 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 Monday, September 14th, Gestion Bouca Inc purchased 598,054 shares of Independence Gold stock. The shares were bought 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 acquired 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 acquired 111,000 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$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 cost 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 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 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

Independence Gold stock remained flat at C$0.20 during trading hours on Monday. The company's stock 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. 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 capitalization of C$52.79 million, a PE ratio of -6.67 and a beta of 0.57. Independence Gold Corp. has a twelve month low of C$0.08 and a twelve month high of C$0.22.

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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