White Gold Corp. (CVE:WGO - Get Free Report) shot up 24.6% during mid-day trading on Thursday following insider buying activity. The stock traded as high as C$0.38 and last traded at C$0.38. 26,678,430 shares changed hands during mid-day 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 Agnico Eagle Mines Limited acquired 3,000,000 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was purchased at an average cost of C$0.29 per share, with a total value of C$870,000.00. Also, insider Pasquale Dicapo acquired 2,000,000 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were purchased at an average cost of C$0.29 per share, with a total value of C$580,000.00.
White Gold Price Performance
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 stock's 50 day moving average is C$0.29 and its 200-day moving average is C$0.26.
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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