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 63.6% in August to a total of 2,520,000 shares.
• The stock is currently priced at $1.51, with a market capitalization of $304.49 million and a P/E ratio of -151.00.
• The company focuses on the exploration and development of mineral properties in Canada, primarily for gold, copper, silver, and molybdenum deposits.

Western Copper and Gold Corporation (NYSEAMERICAN:WRN - TSE: WRN was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totaling 2,520,000 shares, agrowthof63.6% from the July 31st total of 1,540,000 shares. Based on an average daily volume of 383,800 shares, the days-to-cover ratio is currently 6.6 days. Currently,1.6% of the company's stock are sold short. Currently,1.6% of the company's stock are sold short. Based on an average daily volume of 383,800 shares, the days-to-cover ratio is currently 6.6 days.

Western Copper and Gold Trading Up 1.3%

WRN traded up $0.02 on Friday, hitting $1.51. 206,610 shares of the company were exchanged, compared to its average volume of 496,361. Western Copper and Gold has a twelve month low of $0.90 and a twelve month high of $1.58. The stock has a market capitalization of $304.49 million, a P/E ratio of -151.00 and a beta of 1.07. The business has a 50-day moving average price of $1.31.

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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