Insider Buying: Rise Gold Corp (RYES) Major Shareholder Purchases 7,500,000 Shares of Stock

Rise Gold Corp (OTCMKTS:RYES) major shareholder Southern Arc Minerals Inc acquired 7,500,000 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was purchased at an average price of $0.08 per share, for a total transaction of $600,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of RYES opened at $0.06 on Friday. Rise Gold Corp has a 52 week low of $0.04 and a 52 week high of $0.17.

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Rise Gold Company Profile

Rise Gold Corp., an exploration stage mining company, focuses on the acquisition of mineral properties. It primarily holds interest in the Idaho-Maryland Gold Mine located in California, the United States. The company was formerly known as Rise Resources Inc and changed its name to Rise Gold Corp. in April 2017.

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