Visible Gold Mines Inc. (CVE:VGD – Get Free Report)’s share price was up 20.8% on Thursday after an insider bought additional shares in the company. The company traded as high as C$0.14 and last traded at C$0.14. 516,500 shares changed hands during trading, an increase of 909% from the average session volume of 51,183 shares. The stock had previously closed at C$0.12.
Specifically, Director Jean-Marc Lacoste acquired 300,000 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The shares were bought at an average cost of C$0.12 per share, with a total value of C$36,000.00. Following the completion of the purchase, the director directly owned 700,000 shares in the company, valued at C$84,000. The trade was a 75.00% increase in their ownership of the stock.
Visible Gold Mines Trading Up 3.4%
The stock has a market cap of C$5.57 million, a P/E ratio of 1.88 and a beta of 0.61. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.56 and a current ratio of 10.43. The firm’s fifty day simple moving average is C$0.15 and its 200-day simple moving average is C$0.17.
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.
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