Insider Buying: Independence Gold (CVE:IGO) Insider Buys 221,000 Shares

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc acquired 221,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of C$0.13 per share, with a total value of C$28,730.00. Following the completion of the transaction, the insider owned 37,114,184 shares in the company, valued at approximately C$4,824,843.92. The trade was a 0.60% increase in their position.

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

• On Tuesday, August 11th, Gestion Bouca Inc acquired 700,088 shares of Independence Gold stock. The shares were bought 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 acquired 141,880 shares of Independence Gold stock. The stock was bought at an average price of C$0.13 per share, with a total value of C$18,444.40.
• On Friday, July 24th, Gestion Bouca Inc purchased 121,000 shares of Independence Gold stock. The shares were purchased at an average price of C$0.12 per share, for a total transaction of C$14,520.00.
• On Wednesday, July 22nd, Gestion Bouca Inc bought 61,000 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$7,320.00.
• On Wednesday, July 22nd, Gestion Bouca Inc purchased 100,000 shares of Independence Gold stock. The shares were bought at an average cost of C$0.12 per share, for a total transaction of C$12,000.00.
• On Wednesday, July 22nd, Gestion Bouca Inc bought 164,000 shares of Independence Gold stock. The stock was bought at an average cost of C$0.12 per share, for a total transaction of C$19,680.00.
• On Wednesday, July 15th, Gestion Bouca Inc purchased 90,000 shares of Independence Gold stock. The shares were bought at an average price of C$0.11 per share, with a total value of C$9,900.00.
• On Thursday, July 16th, Gestion Bouca Inc acquired 453,636 shares of Independence Gold stock. The stock was purchased at an average price of C$0.12 per share, for a total transaction of C$54,436.32.
• On Thursday, July 9th, Gestion Bouca Inc acquired 465,000 shares of Independence Gold stock. The shares were purchased at an average price of C$0.12 per share, with a total value of C$55,800.00.
• On Thursday, July 9th, Gestion Bouca Inc bought 8,000 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$960.00.

Independence Gold Price Performance

CVE IGO remained flat at C$0.13 during trading hours on Thursday. 52,574 shares of the company traded hands, compared to its average volume of 367,879. The company has a current ratio of 4.62, a quick ratio of 0.38 and a debt-to-equity ratio of 1.13. The company has a market cap of C$34.31 million, a P/E ratio of -4.33 and a beta of 0.29. Independence Gold Corp. has a 52-week low of C$0.08 and a 52-week high of C$0.21. The stock has a 50-day moving average of C$0.11 and a 200-day moving average of C$0.10.

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.