Insider Buying: Independence Gold (CVE:IGO) Insider Buys 453,636 Shares of Stock

Key Points

  • Independence Gold insider Gestion Bouca Inc bought 453,636 shares on July 16 at an average price of C$0.12 per share, spending about C$54,436.
  • The purchase lifted Gestion Bouca Inc’s direct stake to 34.36 million shares, valued at roughly C$4.12 million, marking a 1.34% increase in ownership.
  • The insider has been actively buying shares throughout June and July, with several additional purchases totaling millions of shares at prices between C$0.09 and C$0.12 each.

Independence Gold Corp. (CVE:IGO - Get Free Report) insider Gestion Bouca Inc acquired 453,636 shares of the company's stock in a transaction dated Thursday, July 16th. The stock was bought at an average cost of C$0.12 per share, for a total transaction of C$54,436.32. Following the completion of the transaction, the insider directly owned 34,359,716 shares of the company's stock, valued at approximately C$4,123,165.92. This trade represents a 1.34% increase in their ownership of the stock.

Gestion Bouca Inc also recently made the following trade(s):

  • On Wednesday, July 15th, Gestion Bouca Inc bought 90,000 shares of Independence Gold stock. The shares were bought at an average cost of C$0.11 per share, with a total value of C$9,900.00.
  • On Thursday, July 9th, Gestion Bouca Inc purchased 465,000 shares of Independence Gold stock. The stock was bought at an average price of C$0.12 per share, for a total transaction of C$55,800.00.
  • On Thursday, July 9th, Gestion Bouca Inc purchased 8,000 shares of Independence Gold stock. The stock was bought at an average price of C$0.12 per share, for a total transaction of C$960.00.
  • On Friday, July 10th, Gestion Bouca Inc purchased 5,000 shares of Independence Gold stock. The stock was bought at an average cost of C$0.11 per share, for a total transaction of C$550.00.
  • On Monday, July 6th, Gestion Bouca Inc purchased 370,000 shares of Independence Gold stock. The stock was bought at an average cost of C$0.11 per share, for a total transaction of C$40,700.00.
  • On Tuesday, July 7th, Gestion Bouca Inc acquired 1,670,080 shares of Independence Gold stock. The shares were bought at an average price of C$0.12 per share, with a total value of C$200,409.60.
  • On Friday, June 26th, Gestion Bouca Inc acquired 959,500 shares of Independence Gold stock. The shares were bought at an average price of C$0.10 per share, with a total value of C$95,950.00.
  • On Saturday, June 27th, Gestion Bouca Inc acquired 1,780,000 shares of Independence Gold stock. The shares were purchased at an average price of C$0.10 per share, with a total value of C$178,000.00.
  • On Tuesday, June 16th, Gestion Bouca Inc bought 478,000 shares of Independence Gold stock. The stock was purchased 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 bought 217,000 shares of Independence Gold stock. The stock was purchased at an average cost of C$0.09 per share, for a total transaction of C$19,530.00.

Independence Gold Price Performance




Shares of CVE IGO opened at C$0.10 on Monday. The firm has a market cap of C$27.71 million, a P/E ratio of -3.50 and a beta of 0.29. The company has a current ratio of 4.62, a quick ratio of 0.38 and a debt-to-equity ratio of 1.13. Independence Gold Corp. has a 1-year low of C$0.08 and a 1-year high of C$0.21. The business'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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