White Gold (CVE:WGO) Hits New 52-Week High - What's Next?

Key Points

• White Gold Corp. reached a new 52-week high share price of C$0.85 during trading, closing at C$0.84 with a trading volume of 1,386,074 shares.
• Insiders have purchased a total of 5,267,500 shares of the company in the last 90 days, representing a growing confidence in the firm's prospects.
• The company primarily engages in the acquisition and exploration of mineral properties, focusing on gold, copper, molybdenum, and silver deposits, notably at its flagship Golden Saddle and Arc projects in Yukon.

White Gold Corp. (CVE:WGO - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$0.85 and last traded at C$0.84, with a volume of 1386074 shares traded. The stock had previously closed at C$0.76.

White Gold Price Performance

The firm has a market cap of C$171.95 million, a P/E ratio of -87.00 and a beta of 0.95. The business has a fifty day moving average of C$0.53 and a 200 day moving average of C$0.36.

Insider Buying and Selling

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

White Gold Company Profile

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.