White Gold Corp. (CVE:WGO - Get Free Report) rose 24.6% on Wednesday after an insider bought additional shares in the company. The stock traded as high as C$0.38 and last traded at C$0.38. Approximately 26,678,430 shares were traded during trading, an increase of 6,583% from the average daily 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 stock in a transaction on Wednesday, July 23rd. The shares were purchased 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 firm's 50 day simple moving average is C$0.29 and its 200-day simple moving average is C$0.26. The stock has a market capitalization of C$76.85 million, a price-to-earnings ratio of -43.27 and a beta of 1.54.
About White Gold
(
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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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