Western Copper and Gold Corporation (NYSEAMERICAN:WRN) Sees Significant Drop in Short Interest

Western Copper and Gold Corporation (NYSEAMERICAN:WRN) (TSE:WRN) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 1,451,493 shares, a decline of 17.5% from the November 30th total of 1,758,446 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 892,448 shares, the short-interest ratio is currently 1.6 days. Based on an average daily volume of 892,448 shares, the short-interest ratio is currently 1.6 days. Approximately 0.8% of the shares of the stock are sold short.

Western Copper and Gold Stock Down 3.6%

Shares of NYSEAMERICAN WRN opened at $2.67 on Friday. The firm has a 50-day moving average price of $2.37 and a 200 day moving average price of $1.83. Western Copper and Gold has a 52 week low of $0.90 and a 52 week high of $3.02. The stock has a market capitalization of $539.50 million, a price-to-earnings ratio of -267.00 and a beta of 1.08.

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.