Pershing Gold Corp. (PGLC) Files Form 4 Insider Buying : Barry C Honig Buys 10,000 Shares

Pershing Gold Corp. (PGLC): Barry C Honig , director 10% owner of Pershing Gold Corp. purchased 10,000 shares on Jun 29, 2016. The Insider buying transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were purchased at $4.25 per share for a total value of $42,500.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 29, 2016, Barry C Honig (director 10% owner) purchased 7,500 shares at $4.28 per share price.On Jun 22, 2016, Smith & Co., Inc. Donald (10% owner) sold 10,000 shares at $3.91 per share price.Also, On May 10, 2016, Gamma Investments Trust Frost (10% owner) sold 3,037,369 shares at $3.65 per share price.On Apr 19, 2016, Alex G Morrison (director) sold 55,556 shares at $3.82 per share price.

Shares of Pershing Gold Corp (PGLC) ended Wednesday, Jun 29, 2016 session in red amid volatile trading. The shares closed down -0.09 points or -2.09% at $4.22 with 5,31,964 shares getting traded. Post opening the session at $4.5, the shares hit an intraday low of $4.15 and an intraday high of $4.5 and the price vacillated in this range throughout the day. The company has a market cap of $110 M and the number of outstanding shares has been calculated to be 2,61,06,654 shares. The 52-week high of Pershing Gold Corp is $6.1499 and the 52-week low is $3.04.

Pershing Gold Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Pershing Gold Corp is Reiterated by Noble Financial to Buy and the brokerage firm has raised the Price Target to $ 5.50 from a previous price target of $4.50 .The Rating was issued on Jun 30, 2016.

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.

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