White Gold (CVE:WGO) Shares Down 3.4% - What's Next?

Key Points

• Shares fell 3.4% intraday to C$1.71 (low C$1.66) on Monday, with 390,970 shares traded—about 49% below the average session volume of 760,138.
• Clarus Securities upgraded White Gold to a "moderate buy" on Jan. 21, and MarketBeat shows an overall average rating of Buy.
• The stock trades near its 50‑day MA (C$1.75) and above its 200‑day MA (C$1.41), has a market cap of C$378.85M, a negative P/E (-85.50) and beta 3.48; White Gold is a Yukon-focused explorer with the Golden Saddle and Arc flagship projects and ~315,600 hectares of claims.

White Gold Corp. (CVE:WGO - Get Free Report)'s share price traded down 3.4% during trading on Monday . The company traded as low as C$1.66 and last traded at C$1.71. 390,970 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 760,138 shares. The stock had previously closed at C$1.77.

Analyst Ratings Changes

Separately, Clarus Securities upgraded shares of White Gold to a "moderate buy" rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy".

White Gold Stock Performance

The company's 50 day moving average price is C$1.75 and its 200-day moving average price is C$1.41. The stock has a market cap of C$378.85 million, a P/E ratio of -85.50 and a beta of 3.48.

White Gold Company Profile

White Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold, copper, molybdenum, and silver deposits. Its flagship project is the Golden Saddle and Arc deposits in the White Gold property located in Dawson City, Yukon. The company owns a portfolio of 15,876 quartz claims across 26 properties covering approximately 315,600 hectares located in the Yukon's White Gold District in Canada. The company was formerly known as G4G Capital Corp.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.