White Gold (CVE:WGO) Hits New 52-Week High - Time to Buy?

Key Points

• White Gold Corp. (CVE:WGO) reached a new 52-week high of C$0.92, reflecting a significant increase from its previous close of C$0.88, with a trading volume of approximately 1.1 million shares.
• The company recorded a 6.8% increase in its stock price, with market capitalization at C$185.79 million, alongside a negative P/E ratio of -94.00.
• Recent insider trading activity indicates strong confidence, as director David D'onofrio purchased 75,000 shares at C$0.56, increasing insider ownership to 51.30%.

Shares of White Gold Corp. (CVE:WGO - ) reached a new 52-week high on Friday . The stock traded as high as C$0.92 and last traded at C$0.92, with a volume of 1087691 shares trading hands. The stock had previously closed at C$0.88.

White Gold Stock Up 6.8%

The firm's 50 day simple moving average is C$0.56 and its two-hundred day simple moving average is C$0.37. The stock has a market cap of C$185.79 million, a P/E ratio of -94.00 and a beta of 0.95.

Insider Buying and Selling

In other White Gold news, Director David D'onofrio bought 75,000 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were bought at an average price of C$0.56 per share, for a total transaction of C$41,625.00. Following the acquisition, the director directly owned 4,065,522 shares of the company's stock, valued at approximately C$2,256,364.71. This trade represents a 1.88% increase in their ownership of the stock. Also, insider Pasquale Dicapo acquired 2,000,000 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was purchased at an average price of C$0.29 per share, for a total transaction of C$580,000.00. Insiders purchased 5,267,500 shares of company stock valued at $1,583,213 over the last 90 days. 51.30% of the stock is currently owned by company 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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