White Gold (CVE:WGO) Stock Falls 3.1% – Should You Sell?

White Gold Corp. (CVE:WGO)’s stock price fell 3.1% during mid-day trading on Thursday. The company traded as low as C$1.81 and last traded at C$1.85. 183,854 shares were traded during trading, a decline of 66% from the average daily volume of 536,644 shares. The stock had previously closed at C$1.91.

Analyst Upgrades and Downgrades

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

White Gold Trading Down 2.7%

The business has a fifty day moving average of C$2.01 and a 200 day moving average of C$1.85. The company has a market capitalization of C$405.93 million, a PE ratio of -60.00 and a beta of 3.87.

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.