BofA update shows where active managers are putting money
Richard Warke, Executive Chairman of Augusta Gold Corp. (OTC:AUGG), has recently acquired additional shares in the company, adding to his position in the micro-cap miner currently valued at $67 million. According to a recent SEC filing, Warke purchased a total of 12,500 common shares over two days. The transactions, completed on March 12 and 13, 2025, were executed at prices ranging from $0.76 to $0.81 per share, amounting to a total investment of $9,875. The stock, which has surged nearly 44% over the past six months, currently trades at $0.83. InvestingPro data reveals several key metrics about the company’s financial position.
The purchases were made through Augusta Investments Inc., where Warke serves as the sole officer and director, giving him indirect beneficial ownership of the newly acquired shares. Following these transactions, Warke’s total shareholding in Augusta Gold Corp. increased to 25,475,888 shares, demonstrating continued insider confidence despite the company’s challenging financial metrics, including negative earnings and a tight liquidity position. Get deeper insights into AUGG’s financial health with InvestingPro, which offers 8 additional key investment tips.
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