White Gold (CVE:WGO) Hits New 12-Month High - Here's What Happened

Key Points

• White Gold Corp. (CVE:WGO) reached a new 12-month high, trading at C$1.21, with a significant trading volume of 2,227,572 shares.
• Recent insider transactions included Pasquale Dicapo buying 2 million shares and Agnico Eagle Mines purchasing 3 million shares at C$0.29 each, reflecting strong insider confidence in the company.
• The company's market capitalization stands at C$242.12 million, with a PE ratio of -122.50, indicating operating losses, while corporate insiders collectively own over 51% of the stock.

White Gold Corp. (CVE:WGO - ) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$1.20 and last traded at C$1.21, with a volume of 2227572 shares changing hands. The stock had previously closed at C$1.16.

White Gold Price Performance

The company's 50 day moving average price is C$0.62 and its two-hundred day moving average price is C$0.39. The stock has a market capitalization of C$242.12 million, a PE ratio of -122.50 and a beta of 0.95.

Insiders Place Their Bets

In related news, insider Pasquale Dicapo acquired 2,000,000 shares of White Gold stock in a transaction dated Wednesday, July 23rd. The stock was acquired at an average price of C$0.29 per share, for a total transaction of C$580,000.00. Also, insider Agnico Eagle Mines Limited purchased 3,000,000 shares of White Gold stock in a transaction that occurred on Wednesday, July 23rd. The stock was acquired at an average price of C$0.29 per share, with a total value of C$870,000.00. Insiders bought 5,267,500 shares of company stock worth $1,583,213 in the last 90 days. Corporate insiders own 51.30% of the company's stock.

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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