Visible Gold Mines Inc. (CVE:VGD – Get Free Report)’s share price rose 20.8% during mid-day trading 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 mid-day trading, an increase of 909% from the average daily volume of 51,183 shares. The stock had previously closed at C$0.12.
Specifically, Director Jean-Marc Lacoste bought 300,000 shares of the business’s stock in a transaction dated 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 approximately C$84,000. The trade was a 75.00% increase in their position.
Visible Gold Mines Price Performance
The company has a market cap of C$5.57 million, a PE ratio of 1.88 and a beta of 0.61. The company has a 50-day moving average price of C$0.15 and a two-hundred day moving average price of C$0.17. The company has a debt-to-equity ratio of 1.86, a current ratio of 10.43 and a quick ratio of 1.56.
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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