Western Copper and Gold (TSE:WRN) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Western Copper and Gold shares have surpassed their 200-day moving average, trading at C$2.90, compared to the average of C$1.92, reflecting increased investor interest.
• The company has a market capitalization of C$584.78 million and a low debt-to-equity ratio of 0.02, indicating strong financial health.
• Senior Officer Elena Spivak recently sold 33,334 shares at an average price of C$1.66, with insiders owning 16.29% of the company's stock.

Western Copper and Gold Co. (TSE:WRN - NYSE: WRN's stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.92 and traded as high as C$3.00. Western Copper and Gold shares last traded at C$2.90, with a volume of 541,121 shares trading hands.

Western Copper and Gold Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 25.74 and a quick ratio of 5.52. The stock has a market cap of C$584.78 million, a P/E ratio of -145.00 and a beta of 1.26. The stock has a 50-day simple moving average of C$2.44 and a 200-day simple moving average of C$1.92.

Insider Activity

In related news, Senior Officer Elena Spivak sold 33,334 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of C$1.66, for a total transaction of C$55,334.44. Company insiders own 16.29% of the company's stock.

Western Copper and Gold Company Profile

Western Copper & Gold Corp is a Canada-based exploration-stage company. It is engaged in the acquisition, exploration, and future development of resource properties. The company is developing the Casino project into Canada's premier copper-gold mine. It holds significant gold, copper reserves in its Casino project located in the Yukon, Canada.

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