White Gold (CVE:WGO) Trading Down 10.1% - Should You 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 - ) dropped 10.1% on Monday . The company traded as low as C$0.43 and last traded at C$0.45. Approximately 262,871 shares were traded during trading, a decline of 41% from the average daily volume of 444,787 shares. The stock had previously closed at C$0.50.

White Gold Trading Down 7.1%

The firm has a market cap of C$93.03 million, a PE ratio of -52.38 and a beta of 1.54. The stock has a fifty day simple moving average of C$0.32 and a two-hundred day simple moving average of C$0.27.

Insider Activity

In other White Gold news, insider Pasquale Dicapo acquired 2,000,000 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was bought at an average price of C$0.29 per share, with a total value of C$580,000.00. Also, insider Agnico Eagle Mines Limited acquired 3,000,000 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were acquired at an average cost of C$0.29 per share, with a total value of C$870,000.00. 51.30% of the stock is currently owned by insiders.

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.

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