White Gold (CVE:WGO) Shares Up 5% - Time to Buy?

Key Points

• Shares rose ~5% as White Gold Corp. (CVE:WGO) traded up to C$1.71 and last at C$1.69, with volume of 1,203,785 shares—about a 47% increase versus the average session.
• Clarus Securities upgraded the stock to a moderate buy, and MarketBeat reports a consensus Buy rating (based on current analyst coverage).
• The company is a Yukon-focused explorer (Golden Saddle and Arc projects) with a market cap of C$374.2M, a negative P/E (−169) and a high beta (3.48), indicating development-stage fundamentals and higher volatility.

White Gold Corp. (CVE:WGO - Get Free Report)'s share price shot up 5% on Monday . The stock traded as high as C$1.71 and last traded at C$1.69. 1,203,785 shares were traded during trading, an increase of 47% from the average session volume of 820,299 shares. The stock had previously closed at C$1.61.

Wall Street Analyst Weigh In

Separately, Clarus Securities raised White Gold to a "moderate buy" rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy".

White Gold Stock Performance

The company has a 50-day simple moving average of C$1.70 and a two-hundred day simple moving average of C$1.36. The firm has a market capitalization of C$374.23 million, a P/E ratio of -169.00 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.