White Gold (CVE:WGO) Reaches New 12-Month High - Time to Buy?

Key Points

• White Gold Corp. (CVE:WGO) shares reached a new 52-week high of C$0.57 during trading, closing at C$0.52 with over 2 million shares exchanged.
• The company has a market capitalization of C$101.12 million and a price-to-earnings ratio of -56.93, indicating potential volatility.
• Insiders showed confidence in the company by purchasing significant shares, with 51.30% of the stock currently held by corporate insiders.

Shares of White Gold Corp. (CVE:WGO - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$0.57 and last traded at C$0.52, with a volume of 2047044 shares traded. The stock had previously closed at C$0.51.

White Gold Stock Performance

The firm has a 50 day simple moving average of C$0.32 and a two-hundred day simple moving average of C$0.27. The firm has a market capitalization of C$91.01 million, a P/E ratio of -51.24 and a beta of 1.54.

Insider Buying and Selling at White Gold

In other news, insider Agnico Eagle Mines Limited acquired 3,000,000 shares of White Gold stock in a transaction that occurred on Wednesday, July 23rd. The shares were bought at an average cost of C$0.29 per share, with a total value of C$870,000.00. Also, insider Pasquale Dicapo bought 2,000,000 shares of the stock in a transaction on Wednesday, July 23rd. The shares were bought at an average price of C$0.29 per share, with a total value of C$580,000.00. Corporate 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.