White Gold (CVE:WGO) Hits New 12-Month High – Time to Buy?

White Gold Corp. (CVE:WGO) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$2.38 and last traded at C$2.31, with a volume of 398890 shares trading hands. The stock had previously closed at C$2.29.

Analyst Upgrades and Downgrades

Separately, Clarus Securities upgraded shares of White Gold to a “moderate buy” rating in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, White Gold presently has an average rating of “Buy”.

White Gold Stock Down 5.4%

The stock has a market cap of C$467.23 million, a P/E ratio of -211.00 and a beta of 2.98. The stock has a fifty day simple moving average of C$1.58 and a 200-day simple moving average of C$1.16.

White Gold Company Profile

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.