White Gold (CVE:WGO) Director David D'onofrio Acquires 75,000 Shares

Key Points

• David D'onofrio, a director at White Gold Corp. (CVE:WGO), acquired 75,000 shares at an average price of C$0.56, increasing his ownership by 1.88% to a total of over 4 million shares.
• Despite the insider purchases, White Gold's stock declined 3.0% to reach C$0.64, with a market capitalization of C$126.50 million.
• The company focuses on the acquisition, exploration, and development of mineral properties in Canada, primarily exploring for gold, copper, molybdenum, and silver.

White Gold Corp. (CVE:WGO - Get Free Report) Director David D'onofrio purchased 75,000 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were acquired at an average price of C$0.56 per share, with a total value of C$41,625.00. Following the completion of the acquisition, the director owned 4,065,522 shares of the company's stock, valued at approximately C$2,256,364.71. The trade was a 1.88% increase in their ownership of the stock.

David D'onofrio also recently made the following trade(s):

• On Friday, August 22nd, David D'onofrio purchased 182,500 shares of White Gold stock. The shares were acquired at an average price of C$0.48 per share, with a total value of C$86,687.50.

White Gold Stock Down 3.0%

Shares of WGO stock traded down C$0.02 during trading hours on Tuesday, reaching C$0.64. 521,193 shares of the company's stock were exchanged, compared to its average volume of 472,755. White Gold Corp. has a fifty-two week low of C$0.17 and a fifty-two week high of C$0.68. The stock has a market capitalization of C$126.50 million, a P/E ratio of -64.00 and a beta of 0.95. The business has a fifty day moving average price of C$0.43 and a 200-day moving average price of C$0.32.

About White Gold

White Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold, copper, molybdenum, and silver deposits. Its flagship project is the Golden Saddle and Arc deposits in the White Gold property located in Dawson City, Yukon.

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