White Gold (CVE:WGO) Trading 7.4% Higher – Here’s What Happened

White Gold Corp. (CVE:WGO)’s share price was up 7.4% on Monday . The company traded as high as C$1.58 and last traded at C$1.46. Approximately 885,538 shares changed hands during mid-day 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 Analysts Forecast Growth

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

White Gold Stock Up 7.4%

The firm has a market capitalization of C$323.30 million, a price-to-earnings ratio of -146.00 and a beta of 3.27. The stock’s fifty day moving average is C$1.71 and its two-hundred day moving average 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.