Key Points
- Gestion Bouca Inc. bought 290,000 shares of Independence Gold on June 3 at C$0.10 each, spending C$29,000. The purchase lifted its direct holding to 2,662,500 shares, a 12.22% increase.
- The insider also made a prior purchase on May 12, buying 341,000 shares at an average price of C$0.11 for C$37,510. This suggests continued buying activity in the stock.
- Independence Gold shares recently traded at C$0.09, near their 52-week low of C$0.08 and well below the high of C$0.21. The company has a market value of about C$23.76 million and focuses on gold and silver exploration in Canada and North America.
Independence Gold Corp. (CVE:IGO - Get Free Report) insider Gestion Bouca Inc purchased 290,000 shares of Independence Gold stock in a transaction on Wednesday, June 3rd. The stock was acquired at an average cost of C$0.10 per share, for a total transaction of C$29,000.00. Following the acquisition, the insider directly owned 2,662,500 shares of the company's stock, valued at approximately C$266,250. This represents a 12.22% increase in their ownership of the stock.
Gestion Bouca Inc also recently made the following trade(s):
- On Tuesday, May 12th, Gestion Bouca Inc purchased 341,000 shares of Independence Gold stock. The stock was acquired at an average cost of C$0.11 per share, for a total transaction of C$37,510.00.
Independence Gold Price Performance
Shares of CVE IGO opened at C$0.09 on Wednesday. The firm's 50-day moving average is C$0.10 and its two-hundred day moving average is C$0.10. 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$23.76 million, a PE ratio of -3.00 and a beta of 0.33. Independence Gold Corp. has a 12-month low of C$0.08 and a 12-month high of C$0.21.
About Independence Gold
(
Get Free Report)
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.
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