White Gold (CVE:WGO) Trading Down 10.1% - Time to Sell?

Key Points

• White Gold Corp. (CVE:WGO) saw a significant drop of 10.1% in its share price, trading as low as C$0.43 after previously closing at C$0.50.
• The company's market cap stands at C$93.03 million, with a PE ratio of -52.38 and a beta of 1.54.
• Notably, insider Pasquale Dicapo and Agnico Eagle Mines Limited purchased a combined 5 million shares at an average price of C$0.29 each, reflecting strong insider interest.

Shares of White Gold Corp. (CVE:WGO - Get Free Report) traded down 10.1% on Monday . The company traded as low as C$0.43 and last traded at C$0.45. 262,871 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 444,787 shares. The stock had previously closed at C$0.50.

White Gold Stock Performance

The stock has a market capitalization of C$94.04 million, a P/E ratio of -52.95 and a beta of 1.54. The stock has a 50-day moving average price of C$0.34 and a two-hundred day moving average price of C$0.28.

Insider Buying and Selling at White Gold

In other news, insider Agnico Eagle Mines Limited purchased 3,000,000 shares of White Gold stock in a transaction that occurred on Wednesday, July 23rd. The shares were bought 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 acquired at an average price of C$0.29 per share, for a total transaction of C$580,000.00. 51.30% of the stock is currently owned by corporate insiders.

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.