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

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

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

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

Visible Gold Mines Stock Performance

CVE:VGD traded up C$0.01 during midday trading on Thursday, reaching C$0.13. The stock had a trading volume of 544,000 shares, compared to its average volume of 51,466. The company has a quick ratio of 1.56, a current ratio of 10.43 and a debt-to-equity ratio of 1.86. The stock has a market cap of C$4.83 million, a P/E ratio of 1.62 and a beta of 0.61. The firm has a fifty day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.17. Visible Gold Mines Inc. has a 12-month low of C$0.07 and a 12-month high of C$0.23.

Visible Gold Mines Company Profile

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.