Vista Gold (VGZ) Shares Up -2.5% After Insider Buying Activity

Vista Gold Corp. (TSE:VGZ) (NYSEMKT:VGZ) shot up 2.5% during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as C$0.78 and last traded at C$0.77. 23,300 shares were traded during mid-day trading, an increase of 41% from the average session volume of 16,483 shares. The stock had previously closed at C$0.79.

Specifically, Director Tracy Stevenson purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of C$0.61 per share, with a total value of C$30,500.00. Also, insider Sun Valley Gold Llc purchased 55,751 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were acquired at an average cost of C$0.72 per share, with a total value of C$40,140.72. Insiders have purchased a total of 566,467 shares of company stock valued at $400,685 over the last three months.

Separately, HC Wainwright reissued a “buy” rating on shares of Vista Gold in a research note on Wednesday, October 25th.

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About Vista Gold

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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