White Gold (CVE:WGO) Sets New 52-Week High Following Insider Buying Activity

Key Points

• White Gold Corp. (CVE:WGO) shares hit a new 52-week high of C$0.75 during trading, spurred by significant insider buying activity from Director David D'onofrio.
• In total, D'onofrio purchased 257,500 shares at an average cost of C$0.52, increasing his position by approximately 6.77% and valuing his total holdings at around C$2.25 million.
• The company focuses on the acquisition and exploration of mineral properties in Canada, primarily looking for gold, copper, and silver, with its main project located in Dawson City, Yukon.

White Gold Corp. (CVE:WGO - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday following insider buying activity. The stock traded as high as C$0.75 and last traded at C$0.74, with a volume of 897698 shares traded. The stock had previously closed at C$0.65.

Specifically, Director David D'onofrio acquired 182,500 shares of the stock in a transaction dated Friday, August 22nd. The shares were bought at an average cost of C$0.48 per share, for a total transaction of C$86,687.50. Following the purchase, the director owned 3,915,522 shares in the company, valued at approximately C$1,859,872.95. This trade represents a 4.89% increase in their position. Also, Director David D'onofrio acquired 75,000 shares of the stock in a transaction dated Tuesday, August 26th. The stock was bought at an average price of C$0.56 per share, for a total transaction of C$41,625.00. Following the completion of the purchase, the director owned 4,065,522 shares in the company, valued at approximately C$2,256,364.71. This trade represents a 1.88% increase in their position.

White Gold Stock Performance

The company has a market capitalization of C$144.28 million, a P/E ratio of -73.00 and a beta of 0.95. The firm has a 50 day moving average price of C$0.44 and a two-hundred day moving average price of C$0.32.

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.

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