White Gold (CVE:WGO) Trading Up 24.6% on Insider Buying Activity

White Gold Corp. (CVE:WGO - Get Free Report) rose 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. Approximately 26,678,430 shares traded hands during mid-day 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 bought 3,000,000 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were bought at an average price of C$0.29 per share, for a total transaction of C$870,000.00. Also, insider Pasquale Dicapo bought 2,000,000 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was acquired at an average price of C$0.29 per share, for a total transaction of C$580,000.00.

White Gold Price Performance

The stock has a market capitalization of C$76.85 million, a P/E ratio of -43.27 and a beta of 1.54. The stock has a fifty day moving average price of C$0.29 and a 200 day moving average price of 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.