Western Copper & Gold (NYSE:WRN) Shares Gap Down – Should You Sell?

Shares of Western Copper & Gold Corp (NYSE:WRN) gapped down prior to trading on Friday . The stock had previously closed at $3.85, but opened at $3.44. Western Copper & Gold shares last traded at $3.56, with a volume of 690,178 shares.

Western Copper & Gold Stock Performance

The firm has a market capitalization of $645.46 million, a PE ratio of -159.50 and a beta of 1.08. The stock’s 50-day simple moving average is $2.95 and its 200-day simple moving average is $2.15.

Institutional Trading of Western Copper & Gold

Large investors have recently bought and sold shares of the company. Wealth Management Associates Inc. grew its holdings in shares of Western Copper & Gold by 202.7% during the 4th quarter. Wealth Management Associates Inc. now owns 205,500 shares of the company’s stock worth $549,000 after acquiring an additional 137,600 shares during the period. Brookstone Capital Management bought a new stake in shares of Western Copper & Gold during the fourth quarter valued at approximately $49,000. Euro Pacific Asset Management LLC grew its stake in Western Copper & Gold by 164.6% in the fourth quarter. Euro Pacific Asset Management LLC now owns 1,035,506 shares of the company’s stock worth $2,763,000 after purchasing an additional 644,198 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in Western Copper & Gold by 22.6% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 36,140 shares of the company’s stock worth $96,000 after purchasing an additional 6,665 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in Western Copper & Gold during the third quarter valued at $98,000. 21.96% of the stock is owned by institutional investors.

Western Copper & Gold Company Profile

Western Copper & Gold Corporation is a Canadian-based mineral exploration and development company focused on advancing large-scale copper and gold projects. Headquartered in Vancouver, British Columbia, the company is publicly traded on the New York Stock Exchange American under the ticker WRN and on the Toronto Stock Exchange under WRN. Its principal asset is the 100%-owned Casino Project, located in Canada’s Yukon Territory, which is recognized as one of the largest undeveloped copper-gold porphyry deposits in North America.

The company’s core activities encompass geological exploration, drilling, metallurgical testing and comprehensive feasibility studies.