Independence Gold Corp. (CVE:IGO – Get Free Report)’s stock price was up 20.8% during trading on Wednesday . The company traded as high as C$0.15 and last traded at C$0.14. Approximately 1,659,132 shares traded hands during trading, an increase of 342% from the average session volume of 375,436 shares. The stock had previously closed at C$0.12.
Independence Gold Stock Up 20.8%
The firm’s 50 day simple moving average is C$0.11 and its 200-day simple moving average is C$0.10. The company has a market cap of C$38.27 million, a price-to-earnings ratio of -4.83 and a beta of 0.29. The company has a debt-to-equity ratio of 1.13, a current ratio of 4.62 and a quick ratio of 0.38.
Insider Activity
In related news, insider Gestion Bouca Inc purchased 221,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was purchased at an average price of C$0.13 per share, for a total transaction of C$28,730.00. Following the acquisition, the insider directly owned 37,114,184 shares in the company, valued at C$4,824,843.92. The trade was a 0.60% increase in their ownership of the stock. In the last three months, insiders bought 8,295,184 shares of company stock worth $917,741. 12.50% of the stock is currently owned by insiders.
About Independence Gold
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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