White Gold (CVE:WGO) Stock Price Up 4.4% – Here’s What Happened

White Gold Corp. (CVE:WGO) was up 4.4% during trading on Wednesday . The company traded as high as C$1.67 and last traded at C$1.67. Approximately 437,121 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 905,681 shares. The stock had previously closed at C$1.60.

Analyst Upgrades and Downgrades

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

White Gold Stock Performance

The firm has a market cap of C$369.80 million, a price-to-earnings ratio of -167.00 and a beta of 2.98. The firm’s 50 day moving average is C$1.42 and its 200-day moving average is C$1.05.

About White Gold

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.