White Gold (CVE:WGO) Hits New 1-Year High - Here's What Happened

Key Points

• White Gold Corp. (CVE:WGO) reached a new 52-week high of C$0.68 during trading, reflecting a significant increase as it was previously closed at C$0.63.
• Insiders, including Agnico Eagle Mines Limited, have shown confidence in the company by purchasing a total of 5,000,000 shares at an average price of C$0.29 per share.
• The company has a market cap of C$132.42 million and primarily explores for gold, copper, molybdenum, and silver deposits in Canada.

White Gold Corp. (CVE:WGO - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as C$0.68 and last traded at C$0.68, with a volume of 723251 shares traded. The stock had previously closed at C$0.63.

White Gold Trading Up 3.2%

The firm has a 50-day simple moving average of C$0.43 and a two-hundred day simple moving average of C$0.32. The company has a market capitalization of C$126.50 million, a price-to-earnings ratio of -64.00 and a beta of 0.95.

Insider Activity at White Gold

In related news, insider Agnico Eagle Mines Limited bought 3,000,000 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were acquired at an average cost of C$0.29 per share, for a total transaction of C$870,000.00. Also, insider Pasquale Dicapo bought 2,000,000 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were bought at an average price of C$0.29 per share, for a total transaction of C$580,000.00. 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.