Independence Gold (CVE:IGO) Insider Gestion Bouca Inc Acquires 341,000 Shares

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc bought 341,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average price of C$0.11 per share, for a total transaction of C$37,510.00. Following the completion of the purchase, the insider owned 28,991,000 shares of the company’s stock, valued at approximately C$3,189,010. The trade was a 1.19% increase in their ownership of the stock.

Independence Gold Trading Down 4.5%

Shares of IGO stock opened at C$0.11 on Friday. The company 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 6.44 and a debt-to-equity ratio of 1.40. Independence Gold Corp. has a 12-month low of C$0.08 and a 12-month high of C$0.21. The firm has a market cap of C$27.71 million, a P/E ratio of -3.50 and a beta of 0.47.

Independence Gold Company Profile

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.