Western Copper and Gold (NYSEAMERICAN:WRN) Shares Gap Down – What’s Next?

Western Copper and Gold Corporation (NYSEAMERICAN:WRN) (TSE:WRN) gapped down prior to trading on Friday . The stock had previously closed at $3.85, but opened at $3.44. Western Copper and Gold shares last traded at $3.5250, with a volume of 652,810 shares trading hands.

Western Copper and Gold Trading Down 17.1%

The stock has a 50 day simple moving average of $2.95 and a 200-day simple moving average of $2.15. The firm has a market cap of $645.46 million, a P/E ratio of -319.00 and a beta of 1.08.

Western Copper and Gold Company Profile

Western Copper and Gold Corporation is a Canada-based mineral exploration and development company focused on advancing one of the world’s largest undeveloped copper-gold deposits. Listed on the NYSE American under the symbol WRN, the company’s primary asset is the Casino Project, located in the Yukon Territory of northern Canada. Western Copper and Gold’s activities are centered on resource definition, engineering studies, environmental assessment and community engagement to prepare the deposit for eventual production.

The Casino Project comprises multiple porphyry-style mineralized zones containing copper, gold, molybdenum and silver.