White Gold (CVE:WGO) Stock Price Up 24.6% After Insider Buying Activity

White Gold Corp. (CVE:WGO - Get Free Report) rose 24.6% during trading on Wednesday following insider buying activity. The stock traded as high as C$0.38 and last traded at C$0.38. Approximately 26,678,430 shares changed hands during 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 Pasquale Dicapo acquired 2,000,000 shares of White Gold stock in a transaction 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 Price Performance

The business's 50-day moving average price is C$0.29 and its two-hundred day moving average price is C$0.26. The company has a market capitalization 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.