Short Interest in Western Copper and Gold Corporation (NYSEAMERICAN:WRN) Grows By 59.1%

Western Copper and Gold Corporation (NYSEAMERICAN:WRN) (TSE:WRN) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 2,308,171 shares, an increase of 59.1% from the January 15th total of 1,450,754 shares. Based on an average daily trading volume, of 3,036,293 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.2% of the company’s stock are short sold. Currently, 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 3,036,293 shares, the days-to-cover ratio is currently 0.8 days.

Western Copper and Gold Trading Up 4.6%

WRN traded up $0.14 during trading on Monday, hitting $3.16. 1,531,189 shares of the company’s stock traded hands, compared to its average volume of 2,558,204. The stock has a market capitalization of $641.51 million, a price-to-earnings ratio of -316.00 and a beta of 1.07. The company’s 50 day simple moving average is $3.12 and its two-hundred day simple moving average is $2.29. Western Copper and Gold has a 12-month low of $0.90 and a 12-month high of $4.26.

About Western Copper and Gold

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.