White Gold (CVE:WGO) Shares Up 13.5% – Should You Buy?

Shares of White Gold Corp. (CVE:WGO) shot up 13.5% during trading on Tuesday. The company traded as high as C$1.60 and last traded at C$1.60. Approximately 112,639 shares were traded during trading, a decline of 78% from the average daily volume of 513,375 shares. The stock had previously closed at C$1.41.

Analyst Upgrades and Downgrades

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

White Gold Stock Down 2.4%

The business has a 50-day simple moving average of C$1.93 and a 200-day simple moving average of C$1.80. The company has a market cap of C$356.73 million, a PE ratio of -53.33 and a beta of 3.90.

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.