Key Points
- Insider buying: Gestion Bouca Inc. purchased 221,000 Independence Gold shares at C$0.13 each, investing C$28,730 and increasing its position by 0.60% to 37.1 million shares.
- The purchase follows multiple acquisitions since July, indicating sustained insider buying activity totaling several million shares.
- Stock profile: Independence Gold opened at C$0.13, has a C$34.31 million market capitalization, and trades between a 52-week range of C$0.08 to C$0.21. The company explores for gold and silver in British Columbia and elsewhere in North America.
Independence Gold Corp. (CVE:IGO - Get Free Report) insider Gestion Bouca Inc bought 221,000 shares of the stock in a transaction on Wednesday, August 12th. The shares were bought at an average price of C$0.13 per share, for a total transaction of C$28,730.00. Following the purchase, the insider directly owned 37,114,184 shares in the company, valued at approximately C$4,824,843.92. This trade represents a 0.60% increase in their position.
Gestion Bouca Inc also recently made the following trade(s):
- On Tuesday, August 11th, Gestion Bouca Inc purchased 700,088 shares of Independence Gold stock. The shares were bought at an average cost of C$0.12 per share, for a total transaction of C$84,010.56.
- On Tuesday, August 11th, Gestion Bouca Inc purchased 141,880 shares of Independence Gold stock. The stock was bought at an average price of C$0.13 per share, with a total value of C$18,444.40.
- On Friday, July 24th, Gestion Bouca Inc acquired 121,000 shares of Independence Gold stock. The shares were bought at an average cost of C$0.12 per share, with a total value of C$14,520.00.
- On Wednesday, July 22nd, Gestion Bouca Inc acquired 61,000 shares of Independence Gold stock. The shares were bought at an average price of C$0.12 per share, for a total transaction of C$7,320.00.
- On Wednesday, July 22nd, Gestion Bouca Inc bought 100,000 shares of Independence Gold stock. The stock was bought at an average cost of C$0.12 per share, with a total value of C$12,000.00.
- On Wednesday, July 22nd, Gestion Bouca Inc bought 164,000 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$19,680.00.
- On Wednesday, July 15th, Gestion Bouca Inc purchased 90,000 shares of Independence Gold stock. The shares were purchased at an average cost of C$0.11 per share, for a total transaction of C$9,900.00.
- On Thursday, July 16th, Gestion Bouca Inc purchased 453,636 shares of Independence Gold stock. The stock was purchased at an average price of C$0.12 per share, for a total transaction of C$54,436.32.
- On Thursday, July 9th, Gestion Bouca Inc acquired 465,000 shares of Independence Gold stock. The shares were purchased at an average price of C$0.12 per share, with a total value of C$55,800.00.
- On Thursday, July 9th, Gestion Bouca Inc bought 8,000 shares of Independence Gold stock. The stock was purchased at an average cost of C$0.12 per share, for a total transaction of C$960.00.
Independence Gold Stock Performance
Shares of CVE:IGO opened at C$0.13 on Friday. The stock's 50-day simple moving average is C$0.11 and its two-hundred day simple moving average is C$0.10. The stock has a market capitalization of C$34.31 million, a price-to-earnings ratio of -4.33 and a beta of 0.29. Independence Gold Corp. has a 52-week low of C$0.08 and a 52-week high of C$0.21. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.38 and a current ratio of 4.62.
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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