White Gold (CVE:WGO) Shares Up 13.5% – What’s Next?

White Gold Corp. (CVE:WGO)’s share price rose 13.5% during mid-day trading on Tuesday. The stock traded as high as C$1.60 and last traded at C$1.60. Approximately 112,639 shares were traded during trading, a decline of 78% from the average session volume of 513,375 shares. The stock had previously closed at C$1.41.

Analyst Upgrades and Downgrades

WGO has been the topic of a number of recent research reports. ATB Cormark Capital Markets set a C$4.50 target price on White Gold and gave the company a “speculative buy” rating in a research report on Thursday, September 10th. Canaccord Genuity Group set a C$3.40 target price on shares of White Gold and gave the stock a “moderate buy” rating in a report on Monday, August 31st. Three analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$3.95.

White Gold Stock Up 13.5%

The company has a market capitalization of C$356.73 million, a PE ratio of -53.33 and a beta of 3.90. The stock has a 50-day moving average of C$1.94 and a 200 day moving average of C$1.80.

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.