Freegold Ventures (TSE:FVL) Trading 19.5% Higher

Freegold Ventures Limited (TSE:FVL)’s share price traded up 19.5% on Wednesday . The stock traded as high as C$1.08 and last traded at C$0.98. 3,579,424 shares were traded during mid-day trading, an increase of 1,897% from the average session volume of 179,246 shares. The stock had previously closed at C$0.82.

Freegold Ventures Trading Up 1.1 %

The business has a 50-day moving average of C$0.60 and a 200-day moving average of C$0.49. The stock has a market capitalization of C$402.23 million, a price-to-earnings ratio of -63.00 and a beta of 2.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.72 and a current ratio of 6.25.

Insider Activity

In other Freegold Ventures news, insider 2176423 Ontario Ltd. bought 1,000,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were acquired at an average cost of C$0.40 per share, with a total value of C$400,000.00. Over the last ninety days, insiders bought 2,272,000 shares of company stock valued at $1,262,818. 29.59% 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.