White Gold (CVE:WGO) Stock Price Up 7.4% – Time to Buy?

Shares of White Gold Corp. (CVE:WGO) 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.

Wall Street Analyst Weigh In

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

White Gold Trading Up 5.3%

The stock has a market capitalization of C$349.87 million, a P/E ratio of -158.00 and a beta of 3.27. The stock’s fifty day moving average price is C$1.72 and its two-hundred day moving average price is C$1.28.

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.