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

Independence Gold Corp. (CVE:IGO) insider Gestion Bouca Inc acquired 341,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of C$0.11 per share, with a total value of C$37,510.00. Following the completion of the acquisition, the insider owned 28,991,000 shares of the company’s stock, 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%

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

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.