Insider Buying: Independence Gold (CVE:IGO) Insider Purchases C$183,123.60 in Stock

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc acquired 1,526,030 shares of the stock in a transaction on Wednesday, October 28th. The stock was bought at an average price of C$0.12 per share, with a total value of C$183,123.60. Following the completion of the acquisition, the insider directly owned 45,564,132 shares of the company’s stock, valued at C$5,467,695.84. This trade represents a 3.47% increase in their ownership of the stock.

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

• On Tuesday, October 27th, Gestion Bouca Inc bought 402,500 shares of Independence Gold stock. The shares were purchased at an average price of C$0.13 per share, for a total transaction of C$52,325.00.
• On Thursday, October 29th, Gestion Bouca Inc bought 270,500 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$32,460.00.
• On Friday, October 30th, Gestion Bouca Inc bought 309,500 shares of Independence Gold stock. The stock was purchased at an average cost of C$0.12 per share, with a total value of C$37,140.00.
• On Tuesday, September 8th, Gestion Bouca Inc bought 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 stock was purchased at an average price of C$0.20 per share, with a total value 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 price 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 shares were purchased at an average price 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 stock was purchased 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 purchased 1,428,810 shares of Independence Gold stock. The stock was purchased at an average cost of C$0.19 per share, for a total transaction of C$271,473.90.
• On Tuesday, September 15th, Gestion Bouca Inc acquired 111,000 shares of Independence Gold stock. The stock was purchased at an average price of C$0.19 per share, with a total value of C$21,090.00.

Independence Gold Price Performance

IGO opened at C$0.12 on Monday. The company has a current ratio of 2.52, a quick ratio of 0.38 and a debt-to-equity ratio of 1.31. The company has a market cap of C$30.35 million, a price-to-earnings ratio of -3.83 and a beta of 1.37. The stock has a fifty day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.12. Independence Gold Corp. has a 12-month low of C$0.08 and a 12-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.