Insider Buying: Wescan Goldfields Inc. (CVE:WGF) Director Purchases 1,000,000 Shares of Stock

Wescan Goldfields Inc. (CVE:WGF) Director Kenneth Earl Macneill purchased 1,000,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were acquired at an average cost of C$0.02 per share, for a total transaction of C$20,000.00.

Wescan Goldfields Trading Down 12.5 %

WGF traded down C$0.01 on Monday, hitting C$0.04. 1,266 shares of the company’s stock traded hands, compared to its average volume of 2,015,751. The company’s 50 day simple moving average is C$0.02 and its 200-day simple moving average is C$0.03. Wescan Goldfields Inc. has a one year low of C$0.02 and a one year high of C$0.06. The firm has a market cap of C$1.88 million, a price-to-earnings ratio of -3.50 and a beta of -0.14.

Wescan Goldfields Company Profile

Wescan Goldfields Inc, a mineral exploration company, focuses on acquisition and exploration of properties in Canada. The company explores for gold deposits. It holds 100% interest in the Jojay Gold property consisting of five claim blocks covering approximately an area of 1,496 hectares located in the northeast of La Ronge, Saskatchewan; the Munro Lake Gold property consists of mineral dispositions covering 2,489 hectares located in the La Ronge, Saskatchewan; and the Fork Lake/Jasper/Tamar Gold property consisting of mineral dispositions covering 6,513 hectares located in the La Ronge, Saskatchewan.