Independence Gold (CVE:IGO) Insider Buys C$47,800.00 in Stock

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc bought 478,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average cost of C$0.10 per share, for a total transaction of C$47,800.00. Following the purchase, the insider owned 3,357,500 shares of the company’s stock, valued at approximately C$335,750. The trade was a 16.60% increase in their position.

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

• On Tuesday, June 9th, Gestion Bouca Inc acquired 217,000 shares of Independence Gold stock. The stock was purchased at an average cost of C$0.09 per share, for a total transaction of C$19,530.00.
• On Wednesday, June 3rd, Gestion Bouca Inc acquired 290,000 shares of Independence Gold stock. The stock was purchased at an average cost of C$0.10 per share, for a total transaction of C$29,000.00.
• On Tuesday, May 12th, Gestion Bouca Inc acquired 341,000 shares of Independence Gold stock. The stock was purchased at an average cost of C$0.11 per share, for a total transaction of C$37,510.00.

Independence Gold Trading Up 11.1%

CVE:IGO traded up C$0.01 during midday trading on Tuesday, hitting C$0.10. The stock had a trading volume of 175,000 shares, compared to its average volume of 371,929. Independence Gold Corp. has a one year low of C$0.08 and a one year high of C$0.21. The company has a market capitalization of C$26.39 million, a price-to-earnings ratio of -3.33 and a beta of 0.33. The stock has a 50-day moving average of C$0.10 and a 200 day moving average of C$0.10. The company has a quick ratio of 0.38, a current ratio of 4.62 and a debt-to-equity ratio of 1.13.

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.