Insider Selling: Independence Group NL (ASX:IGO) Insider Sells 214,000 Shares of Stock

Independence Group NL (ASX:IGO) insider Peter Bradford sold 214,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of A$6.44 ($4.57), for a total value of A$1,378,374.00 ($977,570.21).

Independence Group stock traded up A$0.06 ($0.04) during mid-day trading on Friday, hitting A$6.49 ($4.60). The stock had a trading volume of 3,655,901 shares, compared to its average volume of 2,970,000. The stock has a 50-day simple moving average of A$5.34 and a two-hundred day simple moving average of A$4.88. The stock has a market capitalization of $3.83 billion and a PE ratio of 50.70. Independence Group NL has a 12 month low of A$3.56 ($2.52) and a 12 month high of A$6.58 ($4.67). The company has a current ratio of 4.44, a quick ratio of 3.79 and a debt-to-equity ratio of 4.58.

About Independence Group

Independence Group NL operates as a diversified mining and exploration company in Australia. It operates through Nova Project, Tropicana Operation, Long Operation, and New Business and Regional Exploration Activities segments. The company owns 100% interest in the Nova project, which produces nickel, copper, and cobalt concentrates located to the east-northeast of Norseman; and Long nickel project comprising 1,257 square kilometers of tenements located near Kambalda, Western Australia.

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