White Gold (CVE:WGO) Stock Price Up 4.4% – Time to Buy?

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

Wall Street Analysts Forecast Growth

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

White Gold Stock Performance

The stock has a market cap of C$369.80 million, a price-to-earnings ratio of -167.00 and a beta of 2.98. The company’s 50 day simple moving average is C$1.42 and its two-hundred day simple 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.