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

Western Copper and Gold logo with Basic Materials background

Western Copper and Gold Co. (TSE:WRN - Get Free Report) NYSE: WRN passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.64 and traded as high as C$2.04. Western Copper and Gold shares last traded at C$2.02, with a volume of 365,868 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WRN. Stifel Nicolaus set a C$5.50 price objective on shares of Western Copper and Gold and gave the company a "buy" rating in a research report on Wednesday, June 11th. Stifel Canada upgraded shares of Western Copper and Gold to a "strong-buy" rating in a research note on Tuesday, June 10th. Two analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$4.00.

Get Our Latest Research Report on WRN

Western Copper and Gold Stock Up 2.5%

The firm has a market cap of C$421.44 million, a P/E ratio of -104.50 and a beta of 0.83. The company has a current ratio of 25.74, a quick ratio of 5.52 and a debt-to-equity ratio of 0.02. The business's fifty day moving average price is C$1.79 and its two-hundred day moving average price is C$1.66.

Insider Activity

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

Western Copper and Gold Company Profile

(Get Free Report)

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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