Western Copper & Gold (NYSE:WRN) Trading Up 6.5% – Here’s What Happened

Western Copper & Gold Corp (NYSE:WRN)’s stock price traded up 6.5% during mid-day trading on Tuesday . The stock traded as high as $3.49 and last traded at $3.45. 3,416,094 shares were traded during mid-day trading, an increase of 46% from the average session volume of 2,336,107 shares. The stock had previously closed at $3.24.

Western Copper & Gold Price Performance

The company has a 50 day simple moving average of $3.21 and a 200-day simple moving average of $2.39. The stock has a market cap of $700.38 million, a P/E ratio of -172.50 and a beta of 1.07.

Institutional Trading of Western Copper & Gold

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in shares of Western Copper & Gold during the third quarter worth approximately $25,000. Dimensional Fund Advisors LP purchased a new stake in shares of Western Copper & Gold in the 4th quarter valued at $28,000. Jones Financial Companies Lllp bought a new position in shares of Western Copper & Gold during the 3rd quarter valued at $30,000. Centiva Capital LP purchased a new position in Western Copper & Gold in the 3rd quarter worth $31,000. Finally, Jane Street Group LLC bought a new stake in Western Copper & Gold in the second quarter worth $45,000. Hedge funds and other institutional investors own 21.96% of the company’s stock.

About Western Copper & Gold

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.