Pershing Gold Corp. (PGLC): Barry C Honig , director 10% owner of Pershing Gold Corp. purchased 815,041 shares on May 9, 2016. The Insider buying transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were purchased at $3.65 per share for a total value of $2,974,899.75 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 10, 2016, Barry C Honig (director 10% owner) purchased 205,479 shares at $3.65 per share price.On May 10, 2016, Gamma Investments Trust Frost (10% owner) sold 3,037,369 shares at $3.65 per share price.Also, On Apr 19, 2016, Alex G Morrison (director) sold 55,556 shares at $3.82 per share price.
Pershing Gold Corp: On Friday, May 6, 2016 heightened volatility was witnessed in Pershing Gold Corp which led to swings in the share price. The shares opened for trading at $4.05 and hit $4.08 on the upside , eventually ending the session at $3.95, with a gain of 4.50% or 0.17 points. The heightened volatility saw the trading volume jump to 2,77,679 shares. The 52-week high of the share price is $6.299949 and the company has a market cap of $103 M . The 52-week low of the share price is at $3.04.
Pershing Gold Corporation is a gold and precious metals exploration company pursuing exploration development and mining opportunities primarily in Nevada. The Company is focused on exploration at its Relief Canyon properties in Pershing County in northwestern Nevada. All of the Company’s activities on all of its properties are exploratory in nature. The Company operates its business directly and also through its wholly owned subsidiary Gold Acquisition Corp. Gold Acquisition Corp. owns and is conducting exploration on the Relief Canyon Mine property in northwestern Nevada. Pershing Gold Corporation owns directly and is conducting exploration on the Relief Canyon expansion properties adjacent to the Relief Canyon Mine property.