Freegold Ventures (TSE:FVL) Trading Up 14.5%

Freegold Ventures Limited (TSE:FVL)’s stock price shot up 14.5% on Wednesday . The company traded as high as C$1.26 and last traded at C$1.26. 930,860 shares traded hands during mid-day trading, an increase of 289% from the average session volume of 239,147 shares. The stock had previously closed at C$1.10.

Freegold Ventures Stock Performance

The firm’s 50-day moving average price is C$0.77 and its two-hundred day moving average price is C$0.55. The company has a quick ratio of 3.72, a current ratio of 6.25 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of C$558.65 million, a PE ratio of -63.00 and a beta of 2.47.

Insider Buying and Selling at Freegold Ventures

In other Freegold Ventures news, insider 2176423 Ontario Ltd. purchased 597,500 shares of the stock in a transaction dated Wednesday, July 17th. The shares were acquired at an average price of C$0.55 per share, for a total transaction of C$328,625.00. Insiders have bought a total of 1,272,000 shares of company stock valued at $862,818 in the last three months. 29.75% of the stock is currently owned by company insiders.

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.