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

White Gold Corp. (CVE:WGO - Get Free Report) shot up 24.6% on Thursday 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. 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 bought 3,000,000 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was bought at an average cost of C$0.29 per share, for a total transaction of C$870,000.00. Also, insider Pasquale Dicapo acquired 2,000,000 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was purchased at an average price of C$0.29 per share, with a total value of C$580,000.00.

White Gold Price Performance

The stock has a 50-day moving average of C$0.29 and a 200 day moving average of 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.

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.