White Gold Corp. (CVE:WGO - Get Free Report) traded up 24.6% on Thursday following insider buying activity. The stock traded as high as C$0.38 and last traded at C$0.38. 26,678,430 shares traded hands during 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 acquired 3,000,000 shares of the firm's stock in a transaction on 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 acquired 2,000,000 shares of the firm'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 Stock Performance
The business has a 50-day moving average of C$0.29 and a 200-day moving average of C$0.25. The stock has a market capitalization of C$77.86 million, a price-to-earnings ratio of -43.84 and a beta of 1.54.
White Gold Company Profile
(
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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.
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