In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Vista Gold Corp. (NYSEMKT:VGZ) reported that Global Strategic Management Inc. has picked up 4,878,496 of common stock as of 2017-02-02.
The acquisition brings the aggregate amount owned by Global Strategic Management Inc. to a total of 4,878,496 representing a 5.0% stake in the company.
For those not familiar with the company, Vista Gold Corp. is engaged in the gold mining industry. The Company is focused on the evaluation, acquisition, exploration and advancement of gold exploration. The Company operates in the segment of evaluation, acquisition and exploration activities, which are focused principally in Australia and North America. The Company’s assets include the Mt Todd gold project in Northern Territory, Australia; interest in Midas Gold Corp.; non-core projects in Mexico and the United States, and royalty interests in project in Mexico and Indonesia. The Mt Todd gold project is located approximately 60 kilometers by road northwest of Katherine, Northern Territory, Australia, and over 250 kilometers southeast of Darwin. The Company operates Mt Todd gold project through its subsidiary, Vista Gold Australia Pty. Ltd (Vista Gold Australia). Total land holdings controlled by Vista Gold Australia are approximately 140,000 hectares.
A glance at Vista Gold Corp (NYSEMKT:VGZ)’s key stats reveals a current market capitalization of 102.87 billion based on 97.79 million shares outstanding and a price at last close of $1.04 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-08-24, Sun picked up 18,795 at a purchase price of $0.98. This brings their total holding to 11,906,937 as of the date of the filing.
On the sell side, the most recent transaction saw Koulouris unload 31,600 shares at a sale price of $1.03. This brings their total holding to 220,691.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Vista Gold Corp (NYSEMKT:VGZ) as things move forward to see if its progress aligns with these transactions.
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