White Gold (CVE:WGO) Stock: Insider Donovan Pollitt Purchases 14,500 Shares

White Gold Corp. (CVE:WGO) insider Donovan Pollitt purchased 14,500 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was purchased at an average price of C$1.55 per share, with a total value 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. The trade was a 7.82% increase in their ownership of the stock.

White Gold Stock Performance

White Gold stock opened at C$1.62 on Thursday. The stock has a 50-day simple moving average of C$1.87 and a 200 day simple moving average of C$1.80. The stock has a market capitalization of C$361.19 million, a P/E ratio of -54.00 and a beta of 3.90. White Gold Corp. has a 52 week low of C$0.85 and a 52 week high of C$2.50.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WGO. ATB Cormark Capital Markets set a C$4.50 price objective on shares of 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 price objective on White Gold and gave the company a “moderate buy” rating in a report on Monday, August 31st. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$3.95.

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. 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.