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

Shares of White Gold Corp. (CVE:WGO - Get Free Report) rose 24.6% during trading 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. Approximately 26,678,430 shares changed 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 purchased 3,000,000 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was acquired at an average cost 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 company's stock in a transaction that occurred on 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 Trading Down 1.3%

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

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.