Western Copper and Gold (TSE:WRN) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.67 and traded as high as C$1.78. Western Copper and Gold shares last traded at C$1.64, with a volume of 85,559 shares trading hands.

Analysts Set New Price Targets

WRN has been the topic of a number of recent analyst reports. National Bank Financial upgraded Western Copper and Gold to a “strong-buy” rating in a research note on Monday, September 30th. National Bankshares set a C$3.50 target price on shares of Western Copper and Gold and gave the company an “outperform” rating in a research note on Tuesday, October 1st.

Western Copper and Gold Trading Down 7.3 %

The firm has a fifty day moving average of C$1.63 and a two-hundred day moving average of C$1.67. The company has a market cap of C$325.08 million, a PE ratio of -41.00 and a beta of 2.04. The company has a current ratio of 28.49, a quick ratio of 5.52 and a debt-to-equity ratio of 0.04.

About Western Copper and Gold

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.