Western Copper (WRN) Sees Strong Trading Volume

Shares of Western Copper (NYSEAMERICAN:WRN) (TSE:WRN) saw unusually-high trading volume on Thursday . Approximately 860,100 shares were traded during mid-day trading, an increase of 966% from the previous session’s volume of 80,722 shares.The stock last traded at $0.93 and had previously closed at $0.84.

WRN has been the subject of a number of analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $2.25 price target on shares of Western Copper in a report on Thursday, February 1st. Zacks Investment Research upgraded shares of Western Copper from a “hold” rating to a “buy” rating and set a $1.00 price objective for the company in a report on Friday, March 30th.

Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC grew its position in shares of Western Copper by 304.0% during the 4th quarter. Renaissance Technologies LLC now owns 149,900 shares of the company’s stock valued at $151,000 after acquiring an additional 112,800 shares during the period. Deutsche Bank AG grew its position in shares of Western Copper by 71.4% during the 4th quarter. Deutsche Bank AG now owns 236,300 shares of the company’s stock valued at $238,000 after acquiring an additional 98,400 shares during the period. Finally, Anson Funds Management LP bought a new stake in shares of Western Copper during the 4th quarter valued at $307,000.

Western Copper Company Profile

Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company explores for gold, silver, copper, and molybdenum deposits. It focuses on advancing Casino mineral property located in Yukon, Canada. The company was formerly known as Western Copper Corporation and changed its name to Western Copper and Gold Corporation in October 2011.

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