Vista Gold (VGZ) Trading Up -2.5% on Insider Buying Activity
Shares of Vista Gold Corp. (TSE:VGZ) (NYSEMKT:VGZ) were up 2.5% on Tuesday following insider buying activity. The stock traded as high as C$0.78 and last traded at C$0.77. Approximately 23,300 shares traded hands during mid-day trading, an increase of 41% from the average daily volume of 16,483 shares. The stock had previously closed at C$0.79.
Specifically, insider Sun Valley Gold Llc purchased 55,751 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were purchased at an average cost of C$0.72 per share, with a total value of C$40,140.72. Also, Director Tracy Stevenson purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was bought at an average cost of C$0.61 per share, for a total transaction of C$30,500.00. Insiders bought 566,467 shares of company stock valued at $400,685 over the last 90 days.
Separately, HC Wainwright reaffirmed a “buy” rating on shares of Vista Gold in a report on Wednesday, October 25th.
Vista Gold Company Profile
Vista Gold Corp. is engaged in the gold mining industry. The Company focuses on the evaluation, acquisition, exploration and advancement of gold exploration. The Company operates in the segment of evaluation, acquisition and exploration activities, which focus principally in Australia. The Company’s principal asset is its Mt Todd gold project in Northern Territory, Australia.
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