Western Copper & Gold (NYSE:WRN) Trading Up 8.5% – Still a Buy?

Shares of Western Copper & Gold Corp (NYSE:WRN) were up 8.5% during trading on Tuesday . The stock traded as high as $3.08 and last traded at $3.08. Approximately 1,144,246 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 2,224,946 shares. The stock had previously closed at $2.84.

Western Copper & Gold Trading Up 8.1%

The stock has a market capitalization of $691.30 million, a P/E ratio of -153.50 and a beta of 1.02. The stock’s 50-day moving average price is $3.27 and its two-hundred day moving average price is $2.51.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in Western Copper & Gold in the 4th quarter worth about $112,000. XTX Topco Ltd purchased a new stake in Western Copper & Gold during the fourth quarter valued at about $179,000. Quadrature Capital Ltd boosted its position in Western Copper & Gold by 172.2% during the fourth quarter. Quadrature Capital Ltd now owns 518,789 shares of the company’s stock worth $1,388,000 after purchasing an additional 328,189 shares during the period. Millennium Management LLC boosted its position in Western Copper & Gold by 171.3% during the fourth quarter. Millennium Management LLC now owns 686,447 shares of the company’s stock worth $1,834,000 after purchasing an additional 433,420 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of Western Copper & Gold by 196.9% in the fourth quarter. Marshall Wace LLP now owns 857,181 shares of the company’s stock worth $2,289,000 after purchasing an additional 568,468 shares in the last quarter. 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.