White Gold (CVE:WGO) Trading 7.4% Higher - Time to Buy?

Key Points

• Shares of White Gold Corp. were up 7.4% intraday, trading as high as C$1.58 and last at C$1.46 on about 885,538 shares, roughly 1% above average volume.
• Clarus Securities upgraded the stock to a moderate buy, and MarketBeat shows the stock's average analyst rating is Buy.
• White Gold is a Yukon-focused gold explorer (flagship Golden Saddle and Arc) with a market cap of C$323.3M, a negative P/E (-146), and a high beta (3.27), signaling early-stage valuation and elevated volatility.

Shares of White Gold Corp. (CVE:WGO - Get Free Report) were up 7.4% during mid-day trading on Monday . The stock traded as high as C$1.58 and last traded at C$1.46. Approximately 885,538 shares traded hands during trading, an increase of 1% from the average daily volume of 874,092 shares. The stock had previously closed at C$1.36.

Analysts Set New Price Targets

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

White Gold Stock Up 7.4%

The stock has a fifty day moving average of C$1.71 and a 200-day moving average of C$1.28. The firm has a market capitalization of C$323.30 million, a P/E ratio of -146.00 and a beta of 3.27.

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.

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