Western Copper and Gold (NYSEAMERICAN:WRN) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Western Copper and Gold Corporation shares surpassed their 200-day moving average during trading, indicating a potential bullish trend, as the stock reached a high of $2.44 before last trading at $2.16.
• The company's market capitalization is approximately $435.56 million and it currently has a price-to-earnings ratio of -216.00, suggesting it is operating at a loss.
• Western Copper and Gold focuses on the exploration and development of mineral properties in Canada, particularly for gold, copper, silver, and molybdenum deposits.

Western Copper and Gold Corporation (NYSEAMERICAN:WRN - TSE: WRN passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.37 and traded as high as $2.44. Western Copper and Gold shares last traded at $2.16, with a volume of 2,661,493 shares trading hands.

Western Copper and Gold Trading Down 12.6%

The company has a market capitalization of $435.56 million, a price-to-earnings ratio of -216.00 and a beta of 1.13. The company's 50 day simple moving average is $1.71 and its 200-day simple moving average is $1.37.

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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