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

White Gold Corp. (CVE:WGO - Get Free Report)'s share price rose 24.6% during trading on Thursday following insider buying activity. The company traded as high as C$0.38 and last traded at C$0.38. Approximately 26,678,430 shares changed 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 Agnico Eagle Mines Limited purchased 3,000,000 shares of the stock in a transaction on Wednesday, July 23rd. The shares were purchased at an average price of C$0.29 per share, with a total value of C$870,000.00. Also, insider Pasquale Dicapo purchased 2,000,000 shares of the 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 Stock Performance

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

About White Gold

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.