Western Copper and Gold Corporation (NYSEAMERICAN:WRN) Sees Significant Growth in Short Interest

Key Points

• Western Copper and Gold Corporation saw a significant increase in short interest, rising by 361.6% from June 30 to a total of 1,400,000 shares by July 15.
• The company's stock is currently trading at $1.20, with a market cap of $240.66 million and a price-to-earnings ratio of -60.00.
• Western Copper and Gold is primarily involved in the exploration and development of mineral properties in Canada, focusing on gold, copper, silver, and molybdenum deposits.

Western Copper and Gold Corporation (NYSEAMERICAN:WRN - TSE: WRN was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,400,000 shares, anincreaseof361.6% from the June 30th total of 303,300 shares. Approximately0.9% of the company's stock are sold short. Based on an average daily trading volume, of 420,400 shares, the days-to-cover ratio is presently 3.3 days. Based on an average daily trading volume, of 420,400 shares, the days-to-cover ratio is presently 3.3 days. Approximately0.9% of the company's stock are sold short.

Western Copper and Gold Trading Down 2.4%

Western Copper and Gold stock opened at $1.20 on Friday. The firm has a market cap of $240.66 million, a price-to-earnings ratio of -60.00 and a beta of 1.08. The company has a 50 day moving average of $1.26. Western Copper and Gold has a twelve month low of $0.90 and a twelve month high of $1.42.

About Western Copper and Gold

Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company explores for gold, copper, silver, and molybdenum deposits. Its principal property is the Casino mineral property that comprise 1,136 full and partial quartz claims, and 55 placer claims located in Yukon, Canada.

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