White Gold (CVE:WGO) Hits New 52-Week High - Here's Why

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.

White Gold Corp. (CVE:WGO - ) shares hit 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 trading hands. The stock had previously closed at C$0.51.

White Gold Stock Down 1.0%

The firm has a market capitalization of C$101.12 million, a price-to-earnings ratio of -56.93 and a beta of 1.54. The company has a fifty day moving average price of C$0.31 and a two-hundred day moving average price of C$0.27.

Insider Activity at White Gold

In related news, insider Pasquale Dicapo purchased 2,000,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was purchased at an average cost of C$0.29 per share, with a total value of C$580,000.00. Also, insider Agnico Eagle Mines Limited purchased 3,000,000 shares of the firm's 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. 51.30% of the stock is currently owned by corporate insiders.

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.

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