White Gold (CVE:WGO) Shares Down 2.3% - Should You Sell?

Key Points

• White Gold Corp. shares declined by 2.3% during mid-day trading, with a last trading price of C$0.85 after previously closing at C$0.87.
• Insider trading activity includes Agnico Eagle Mines Limited purchasing 3 million shares at C$0.29 per share, and Director David D'onofrio acquiring 182,500 shares at C$0.48 per share, indicating confidence in the company's prospects.
• The company has a market cap of C$168.00 million and operates primarily in mineral properties exploration in Canada, focusing on gold and other valuable metals.

White Gold Corp. (CVE:WGO - ) shares were down 2.3% during mid-day trading on Tuesday . The company traded as low as C$0.83 and last traded at C$0.85. Approximately 821,287 shares traded hands during mid-day trading, an increase of 62% from the average daily volume of 506,237 shares. The stock had previously closed at C$0.87.

White Gold Stock Performance

The business has a fifty day simple moving average of C$0.54 and a 200-day simple moving average of C$0.36. The firm has a market cap of C$168.00 million, a price-to-earnings ratio of -85.00 and a beta of 0.95.

Insiders Place Their Bets

In other news, insider Agnico Eagle Mines Limited bought 3,000,000 shares of the stock in a transaction on Wednesday, July 23rd. The stock was acquired at an average price of C$0.29 per share, with a total value of C$870,000.00. Also, Director David D'onofrio bought 182,500 shares of the stock in a transaction on Friday, August 22nd. The stock was purchased at an average cost of C$0.48 per share, with a total value of C$86,687.50. Following the acquisition, the director owned 3,915,522 shares in the company, valued at approximately C$1,859,872.95. This represents a 4.89% increase in their ownership of the stock. Insiders bought a total of 5,267,500 shares of company stock valued at $1,583,213 in the last 90 days. Corporate 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.

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