Insider Buying: Independence Gold (CVE:IGO) Insider Acquires 341,000 Shares of Stock

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

Independence Gold Stock Down 4.5%

Shares of Independence Gold stock traded down C$0.01 on Friday, hitting C$0.11. 181,092 shares of the company’s stock traded hands, compared to its average volume of 394,934. The stock has a market cap of C$27.71 million, a P/E ratio of -3.50 and a beta of 0.47. The company has a quick ratio of 0.38, a current ratio of 6.44 and a debt-to-equity ratio of 1.40. The firm’s 50-day moving average is C$0.10 and its 200 day moving average is C$0.10. Independence Gold Corp. has a 52-week low of C$0.08 and a 52-week high of C$0.21.

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.