Wesdome Gold Mines Ltd (OTCMKTS:WDOFF) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.58 and traded as high as $9.74. Wesdome Gold Mines shares last traded at $9.59, with a volume of 54,718 shares changing hands.
A number of equities analysts have weighed in on WDOFF shares. Pi Financial raised their target price on shares of Wesdome Gold Mines from $14.10 to $14.30 and gave the company a “neutral” rating in a research note on Friday, August 28th. Desjardins started coverage on shares of Wesdome Gold Mines in a research report on Tuesday, September 8th. They set a “hold” rating for the company.
The company’s fifty day moving average is $10.26 and its 200-day moving average is $8.60.
About Wesdome Gold Mines (OTCMKTS:WDOFF)
Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, reclaims, and sells gold in Canada. It principally produces gold in the form of doré bars; and silver as a by-product. The company's principal assets include the Eagle River Mine, which consists of 3 contiguous mining leases and 442 contiguous active mining claims covering an area of 7,958 hectares; the Mishi Mine that consists of 19 patented mining claims, 5 mining leases, and 5 staked claims covering an area of 3,055 hectares; and the Eagle River Mill located near Wawa, Ontario.
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