Western Copper and Gold Corp (WRN) stock is up 5.47% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With WRN Stock Today?
Western Copper and Gold Corp (WRN) stock is trading at $1.35 as of 10:03 AM on Thursday, Apr 15, an increase of $0.03, or 2.28% from the previous closing price of $1.32. The stock has traded between $1.35 and $1.37 so far today. Volume today is low. So far 167,620 shares have traded compared to average volume of 599,364 shares.
To see InvestorsObserver's Sentiment Score for Western Copper and Gold Corp click here.
More About Western Copper and Gold Corp
Western Copper & Gold Corp is a Canada-based exploration-stage company. It is engaged in the acquisition, exploration, and future development of resource properties. The company is developing the Casino project into Canada's premier copper-gold mine. It holds significant gold, copper reserves in its Casino project located in the Yukon, Canada.
Click Here to get the full Stock Score Report on Western Copper and Gold Corp (WRN) Stock.
