Freegold Ventures (TSE:FVL) Share Price Crosses Above Fifty Day Moving Average of $0.64

Shares of Freegold Ventures Limited (TSE:FVL) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.64 and traded as high as C$0.90. Freegold Ventures shares last traded at C$0.89, with a volume of 569,594 shares changing hands.

Freegold Ventures Price Performance

The business’s fifty day simple moving average is C$0.66 and its 200-day simple moving average is C$0.51. The firm has a market cap of C$446.92 million, a P/E ratio of -63.00 and a beta of 2.47. The company has a current ratio of 6.25, a quick ratio of 3.72 and a debt-to-equity ratio of 0.09.

Insiders Place Their Bets

In other news, insider 2176423 Ontario Ltd. acquired 47,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average cost of C$0.65 per share, with a total value of C$30,507.70. Insiders bought a total of 1,272,000 shares of company stock valued at $862,818 over the last 90 days. Insiders own 29.75% of the company’s stock.

Freegold Ventures Company Profile

Freegold Ventures Limited, an exploration stage company, engages in the acquisition, exploration, evaluation, and development of precious and base metal properties in the United States and Canada. The company explores for gold, copper, silver, cobalt, and tungsten deposits. It holds interests in the Golden Summit property that consists of 53 patented and 107 unpatented federal claims comprises 240 State of Alaska claims that cover a total area of 5,971.6 hectares; and Shorty Creek property comprises 328 State of Alaska mining claims covering an area of 31,478 acres located in Alaska, the United States.