Western Copper and Gold (TSE:WRN) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.56 and traded as high as C$1.60. Western Copper and Gold shares last traded at C$1.56, with a volume of 45,375 shares traded.

Analyst Ratings Changes

WRN has been the subject of several analyst reports. Canaccord Genuity Group upgraded Western Copper and Gold to a “moderate buy” rating in a research report on Monday, December 9th. BMO Capital Markets set a C$3.00 target price on Western Copper and Gold and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$3.69.

Western Copper and Gold Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.52 and a current ratio of 25.74. The company has a 50-day moving average of C$1.52 and a 200-day moving average of C$1.56. The firm has a market capitalization of C$304.38 million, a price-to-earnings ratio of -51.93 and a beta of 2.04.

Insider Activity at Western Copper and Gold

In related news, Senior Officer Paul George West-Sells sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of C$1.54, for a total value of C$153,600.00. 16.29% of the stock is owned by insiders.

About Western Copper and Gold

Western Copper & Gold Corp is a Canada-based exploration-stage company. It is engaged in the acquisition, exploration, and future development of resource properties. The company is developing the Casino project into Canada’s premier copper-gold mine. It holds significant gold, copper reserves in its Casino project located in the Yukon, Canada.