Insider Buying: Pershing Gold Corp Director Purchases 60,000 Shares of Stock (PGLC)
Pershing Gold Corp (NASDAQ:PGLC) Director Barry C. Honig bought 60,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were purchased at an average cost of $0.34 per share, for a total transaction of $20,400.00. Following the acquisition, the director now directly owns 17,874,072 shares in the company, valued at approximately $6,077,184. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Pershing Gold Corp (NASDAQ:PGLC) opened at 0.338 on Wednesday. Pershing Gold Corp has a 1-year low of $0.33 and a 1-year high of $0.43. The stock’s 50-day moving average is $0.34 and its 200-day moving average is $0.37. The company’s market cap is $94.7 million.
Pershing Gold Corporation, formerly Sagebrush Gold Ltd., is an exploration-stage gold and minerals exploration company focused on searching for gold and other mineral resources and seeking out exploration and development targets.
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