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

White Gold Corp. (CVE:WGO - Get Free Report)'s share price shot up 24.6% on Thursday 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. 26,678,430 shares were traded 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 purchased 3,000,000 shares of the firm's stock in a transaction that occurred on 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 business's stock in a transaction on Wednesday, July 23rd. The stock was purchased 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's fifty day simple moving average is C$0.29 and its 200-day simple moving average is C$0.26. The stock has a market cap of C$76.85 million, a P/E 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.