White Gold (CVE:WGO) Sets New 52-Week High – Time to Buy?

White Gold Corp. (CVE:WGO)’s share price hit a new 52-week high during mid-day 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 trading hands. The stock had previously closed at C$1.78.

Wall Street Analyst Weigh In

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

White Gold Stock Up 10.7%

The firm has a 50 day moving average of C$1.45 and a 200 day 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.