White Gold (CVE:WGO) Hits New 12-Month High – Here’s What Happened

White Gold Corp. (CVE:WGO) reached a new 52-week high during trading on Monday . The stock traded as high as C$2.03 and last traded at C$2.00, with a volume of 1787644 shares changing hands. The stock had previously closed at C$1.78.

Wall Street Analyst Weigh In

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

White Gold Trading Up 10.7%

The stock has a fifty day simple moving average of C$1.45 and a two-hundred day simple moving average of C$1.07. The firm has a market cap of C$436.23 million, a PE ratio of -197.00 and a beta of 2.98.

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.