Visible Gold Mines (CVE:VGD) Director Jean-Marc Lacoste Buys 300,000 Shares of Stock

Visible Gold Mines Inc. (CVE:VGD) Director Jean-Marc Lacoste bought 300,000 shares of Visible Gold Mines stock in a transaction on Thursday, July 9th. The stock was acquired at an average cost of C$0.12 per share, with a total value of C$36,000.00. Following the acquisition, the director owned 700,000 shares of the company’s stock, valued at C$84,000. This trade represents a 75.00% increase in their position.

Jean-Marc Lacoste also recently made the following trade(s):

• On Thursday, July 9th, Jean-Marc Lacoste bought 200,000 shares of Visible Gold Mines stock. The shares were bought at an average price of C$0.12 per share, for a total transaction of C$24,000.00.
• On Monday, June 1st, Jean-Marc Lacoste purchased 15,000 shares of Visible Gold Mines stock. The shares were bought at an average cost of C$0.17 per share, for a total transaction of C$2,550.00.
• On Friday, May 8th, Jean-Marc Lacoste purchased 10,000 shares of Visible Gold Mines stock. The stock was bought at an average price of C$0.17 per share, with a total value of C$1,700.00.
• On Wednesday, May 6th, Jean-Marc Lacoste acquired 18,500 shares of Visible Gold Mines stock. The stock was bought at an average price of C$0.17 per share, with a total value of C$3,145.00.

Visible Gold Mines Price Performance

VGD stock traded up C$0.01 during trading on Thursday, reaching C$0.13. 544,000 shares of the company were exchanged, compared to its average volume of 51,466. The company has a market cap of C$4.83 million, a P/E ratio of 1.62 and a beta of 0.61. Visible Gold Mines Inc. has a 52-week low of C$0.07 and a 52-week high of C$0.23. The stock’s 50 day moving average price is C$0.15 and its 200 day moving average price is C$0.17. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.56 and a current ratio of 10.43.

About Visible Gold Mines

Visible Gold Mines Inc acquires and explores mineral properties in Canada. It primarily explores for gold and lithium deposits. The company was incorporated in 2007 and is based in Rouyn-Noranda, Canada.