White Gold (CVE:WGO) Stock Price Up 24.6% After Insider Buying Activity

White Gold Corp. (CVE:WGO - Get Free Report)'s stock price rose 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. Approximately 26,678,430 shares traded hands 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 that occurred on Wednesday, July 23rd. The stock was acquired at an average price of C$0.29 per share, with a total value of C$580,000.00.

White Gold Stock Down 1.3%

The firm has a market cap of C$76.85 million, a price-to-earnings ratio of -43.27 and a beta of 1.54. The business's fifty day moving average is C$0.29 and its two-hundred day moving average is C$0.26.

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.