Insider Buying: White Gold (CVE:WGO) Director Acquires 182,500 Shares of Stock

Key Points

• David D'onofrio, a director at White Gold Corp, purchased C$86,687.50 worth of stock, acquiring 182,500 shares at an average price of C$0.48 each, bringing his total share ownership to 3,915,522 shares.
• Following recent trades, D'onofrio's transactions indicate a substantial 4.89% increase in his position with White Gold Corp.
• The stock's performance shows a recent trading price of C$0.64, with a market capitalization of C$126.50 million and a 1-year trading range between C$0.17 and C$0.68.

White Gold Corp. (CVE:WGO - Get Free Report) Director David D'onofrio purchased 182,500 shares of White Gold stock in a transaction dated Friday, August 22nd. The stock was acquired at an average cost of C$0.48 per share, with a total value of C$86,687.50. Following the completion of the acquisition, the director directly owned 3,915,522 shares in the company, valued at approximately C$1,859,872.95. This trade represents a 4.89% increase in their ownership of the stock.

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

• On Tuesday, August 26th, David D'onofrio purchased 75,000 shares of White Gold stock. The stock was acquired at an average cost of C$0.56 per share, with a total value of C$41,625.00.

White Gold Trading Up 4.1%

Shares of WGO traded up C$0.03 during mid-day trading on Friday, hitting C$0.77. The company's stock had a trading volume of 795,050 shares, compared to its average volume of 477,150. The firm has a 50-day simple moving average of C$0.47 and a 200 day simple moving average of C$0.33. The firm has a market capitalization of C$152.19 million, a P/E ratio of -77.00 and a beta of 0.95. White Gold Corp. has a 1-year low of C$0.17 and a 1-year high of C$0.78.

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.