Independence Gold (CVE:IGO) Hits New 52-Week High – Time to Buy?

by · The Markets Daily

Independence Gold Corp. (CVE:IGO – Get Free Report)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as C$0.21 and last traded at C$0.20, with a volume of 449977 shares traded. The stock had previously closed at C$0.20.

Independence Gold Price Performance

The firm has a 50-day moving average of C$0.13 and a two-hundred day moving average of C$0.11. The stock has a market capitalization of C$54.11 million, a price-to-earnings ratio of -6.83 and a beta of 0.29. The company has a quick ratio of 0.38, a current ratio of 2.52 and a debt-to-equity ratio of 1.31.

Insider Transactions at Independence Gold

In related news, insider Gestion Bouca Inc bought 221,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of C$0.13 per share, with a total value of C$28,730.00. Following the purchase, the insider directly owned 37,114,184 shares of the company’s stock, valued at approximately C$4,824,843.92. This represents a 0.60% increase in their position. In the last three months, insiders have purchased 8,005,184 shares of company stock valued at $888,741. 12.50% of the stock is owned by corporate insiders.

About Independence Gold

(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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