Insider Buying: White Gold (CVE:WGO) Insider Acquires C$22,475.00 in Stock

White Gold Corp. (CVE:WGO) insider Donovan Pollitt purchased 14,500 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were purchased at an average price of C$1.55 per share, for a total transaction of C$22,475.00. Following the purchase, the insider owned 200,000 shares of the company’s stock, valued at approximately C$310,000. This trade represents a 7.82% increase in their position.

White Gold Price Performance

WGO stock opened at C$1.49 on Friday. White Gold Corp. has a 1-year low of C$0.85 and a 1-year high of C$2.50. The business has a 50-day moving average price of C$1.86 and a 200 day moving average price of C$1.80. The company has a market capitalization of C$336.02 million, a P/E ratio of -49.67 and a beta of 3.76.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. ATB Cormark Capital Markets set a C$4.50 price target on White Gold and gave the stock a “speculative buy” rating in a research report on Thursday, September 10th. Canaccord Genuity Group set a C$3.40 target price on White Gold and gave the stock a “moderate buy” rating in a research note on Monday, August 31st. Three research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$3.95.

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. The company owns a portfolio of 15,876 quartz claims across 26 properties covering approximately 315,600 hectares located in the Yukon’s White Gold District in Canada. The company was formerly known as G4G Capital Corp.