Key Points
- Gestion Bouca Inc bought 959,500 shares of Independence Gold on June 26 at C$0.10 per share, bringing its direct stake to 4,317,000 shares worth about C$431,700. The purchase marked a 28.58% increase in its position.
- The insider has been consistently buying Independence Gold shares throughout June, including large purchases on June 27, June 16, June 9, and June 3, all around the C$0.09–C$0.10 range. These repeated trades suggest sustained insider confidence.
- Independence Gold shares were trading at C$0.10, near their 50-day and 200-day moving averages, with the stock sitting well below its 52-week high of C$0.21. The company has a market value of about C$26.39 million and remains unprofitable, with a negative P/E ratio.
Independence Gold Corp. (CVE:IGO - Get Free Report) insider Gestion Bouca Inc purchased 959,500 shares of the firm's stock in a transaction on Friday, June 26th. The shares were acquired at an average price of C$0.10 per share, with a total value of C$95,950.00. Following the purchase, the insider directly owned 4,317,000 shares in the company, valued at C$431,700. This represents a 28.58% increase in their position.
Gestion Bouca Inc also recently made the following trade(s):
- On Saturday, June 27th, Gestion Bouca Inc acquired 1,780,000 shares of Independence Gold stock. The shares were acquired at an average price of C$0.10 per share, for a total transaction of C$178,000.00.
- On Tuesday, June 16th, Gestion Bouca Inc acquired 478,000 shares of Independence Gold stock. The stock was acquired at an average cost of C$0.10 per share, for a total transaction of C$47,800.00.
- On Tuesday, June 9th, Gestion Bouca Inc acquired 217,000 shares of Independence Gold stock. The shares were acquired at an average price of C$0.09 per share, with a total value of C$19,530.00.
- On Wednesday, June 3rd, Gestion Bouca Inc bought 290,000 shares of Independence Gold stock. The shares were acquired at an average cost of C$0.10 per share, with a total value of C$29,000.00.
- On Tuesday, May 12th, Gestion Bouca Inc bought 341,000 shares of Independence Gold stock. The shares were acquired at an average cost of C$0.11 per share, with a total value of C$37,510.00.
Independence Gold Stock Performance
IGO opened at C$0.10 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 4.62 and a quick ratio of 0.38. Independence Gold Corp. has a fifty-two week low of C$0.08 and a fifty-two week high of C$0.21. The firm has a market capitalization of C$26.39 million, a PE ratio of -3.33 and a beta of 0.33. The company's 50-day moving average is C$0.10 and its 200 day moving average is C$0.10.
Independence Gold Company Profile
(
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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