Western Copper and Gold (NYSEAMERICAN:WRN) Shares Pass Above Fifty Day Moving Average – Here’s Why

Western Copper and Gold Co. (NYSEAMERICAN:WRN) (TSE:WRN)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.00 and traded as high as $1.14. Western Copper and Gold shares last traded at $1.08, with a volume of 258,834 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Western Copper and Gold to a “sell” rating in a research note on Friday, July 26th.

Western Copper and Gold Stock Performance

The stock has a market capitalization of $213.05 million, a PE ratio of -35.83 and a beta of 1.85.

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) EPS for the quarter. As a group, equities research analysts anticipate that Western Copper and Gold Co. will post -0.02 earnings per share for the current fiscal year.

Institutional Trading of Western Copper and Gold

An institutional investor recently bought a new position in Western Copper and Gold stock. Sweeney & Michel LLC purchased a new stake in shares of Western Copper and Gold Co. (NYSEAMERICAN:WRN) (TSE:WRN) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 78,194 shares of the company’s stock, valued at approximately $118,000. Institutional investors and hedge funds own 21.96% of the company’s stock.

Western Copper and Gold Company Profile

Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company explores for gold, copper, silver, and molybdenum deposits. Its principal property is the Casino mineral property that comprise 1,136 full and partial quartz claims, and 55 placer claims located in Yukon, Canada.