Independence Gold (CVE:IGO) Shares Up 14.3% – Time to Buy?

Independence Gold Corp. (CVE:IGO)’s share price was up 14.3% on Wednesday . The company traded as high as C$0.12 and last traded at C$0.12. 1,169,138 shares changed hands during trading, an increase of 214% from the average session volume of 372,542 shares. The stock had previously closed at C$0.10.

Independence Gold Stock Up 14.3%

The company has a debt-to-equity ratio of 1.13, a current ratio of 4.62 and a quick ratio of 0.38. The company has a market capitalization of C$31.67 million, a P/E ratio of -4.00 and a beta of 0.29. The company has a 50 day moving average of C$0.10 and a 200-day moving average of C$0.10.

Insiders Place Their Bets

In other Independence Gold news, insider Gestion Bouca Inc acquired 453,636 shares of the company’s stock in a transaction on Thursday, July 16th. The stock was acquired at an average price of C$0.12 per share, for a total transaction of C$54,436.32. Following the acquisition, the insider owned 34,359,716 shares in the company, valued at C$4,123,165.92. This represents a 1.34% increase in their position. In the last three months, insiders purchased 7,127,216 shares of company stock valued at $770,546. Company insiders own 12.50% of the company’s stock.

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.