Western Copper & Gold (NYSE:WRN) Trading 9.4% Higher – Here’s What Happened

Western Copper & Gold Corp (NYSE:WRN) shares shot up 9.4% during mid-day trading on Tuesday . The stock traded as high as $3.62 and last traded at $3.60. 1,354,857 shares changed hands during trading, a decline of 40% from the average session volume of 2,249,261 shares. The stock had previously closed at $3.29.

Western Copper & Gold Price Performance

The stock has a market capitalization of $600.94 million, a price-to-earnings ratio of -148.50 and a beta of 1.07. The stock has a 50-day moving average of $3.03 and a 200 day moving average of $2.20.

Hedge Funds Weigh In On Western Copper & Gold

Several large investors have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in shares of Western Copper & Gold during the 3rd quarter valued at $25,000. Jones Financial Companies Lllp bought a new stake in Western Copper & Gold in the third quarter valued at about $30,000. Centiva Capital LP bought a new stake in Western Copper & Gold in the third quarter valued at about $31,000. Brookstone Capital Management acquired a new position in Western Copper & Gold in the fourth quarter valued at about $49,000. Finally, Dynamic Advisor Solutions LLC bought a new position in Western Copper & Gold during the third quarter worth about $58,000. 21.96% of the stock is currently owned by institutional investors and hedge funds.

About Western Copper & Gold

Western Copper & Gold Corporation is a Canadian-based mineral exploration and development company focused on advancing large-scale copper and gold projects. Headquartered in Vancouver, British Columbia, the company is publicly traded on the New York Stock Exchange American under the ticker WRN and on the Toronto Stock Exchange under WRN. Its principal asset is the 100%-owned Casino Project, located in Canada’s Yukon Territory, which is recognized as one of the largest undeveloped copper-gold porphyry deposits in North America.

The company’s core activities encompass geological exploration, drilling, metallurgical testing and comprehensive feasibility studies.