White Gold Corp. (CVE:WGO – Get Free Report) shot up 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. 26,678,430 shares were traded 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 Pasquale Dicapo purchased 2,000,000 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The shares were bought at an average price of C$0.29 per share, with a total value of C$580,000.00.
White Gold Stock Up 24.6%
The company has a market cap of C$76.85 million, a P/E ratio of -43.27 and a beta of 1.54. The stock’s 50-day moving average price is C$0.29 and its 200 day moving average price is C$0.25.
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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