Freegold Ventures (TSE:FVL) Reaches New 1-Year High at $0.66

Freegold Ventures Limited (TSE:FVL)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$0.66 and last traded at C$0.66, with a volume of 320940 shares changing hands. The stock had previously closed at C$0.64.

Freegold Ventures Stock Performance

The firm has a 50 day simple moving average of C$0.44 and a 200-day simple moving average of C$0.44. The company has a debt-to-equity ratio of 0.11, a current ratio of 9.99 and a quick ratio of 3.72. The company has a market cap of C$268.00 million, a price-to-earnings ratio of -60.50 and a beta of 2.36.

Insiders Place Their Bets

In other news, insider 2176423 Ontario Ltd. acquired 597,500 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was acquired at an average cost of C$0.55 per share, with a total value of C$328,625.00. Insiders acquired a total of 1,897,500 shares of company stock valued at $854,625 over the last quarter. 28.96% of the stock is owned by 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.