White Gold (CVE:WGO) Trading 24.6% Higher After Insider Buying Activity

White Gold Corp. (CVE:WGO - Get Free Report) shot up 24.6% during mid-day trading on Wednesday after an insider bought additional shares in the company. The company traded as high as C$0.38 and last traded at C$0.38. 26,678,430 shares were traded during trading, an increase of 6,583% from the average session volume of 399,193 shares. The stock had previously closed at C$0.31.

Specifically, insider Pasquale Dicapo purchased 2,000,000 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were bought at an average cost of C$0.29 per share, for a total transaction of C$580,000.00.

White Gold Trading Down 1.3%

The company has a market capitalization of C$76.85 million, a P/E ratio of -43.27 and a beta of 1.54. The business's 50-day simple moving average is C$0.29 and its 200 day simple moving average is C$0.25.

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.