Wesdome Gold Mines (OTCMKTS:WDOFF) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened
by Michael Walen · The Markets DailyWesdome Gold Mines Ltd. (OTCMKTS:WDOFF – Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.30 and traded as high as $18.44. Wesdome Gold Mines shares last traded at $18.19, with a volume of 206,686 shares changing hands.
Analysts Set New Price Targets
Separately, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Wesdome Gold Mines in a report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Wesdome Gold Mines currently has an average rating of “Moderate Buy”.
View Our Latest Research Report on WDOFF
Wesdome Gold Mines Stock Performance
The company’s 50-day moving average price is $17.91 and its 200 day moving average price is $16.34.
About Wesdome Gold Mines
Wesdome Gold Mines Ltd. is a publicly traded Canadian gold producer and explorer focused on its flagship Eagle River Complex in Ontario and the high‐grade Kiena gold complex in Quebec. The Eagle River Complex, situated near Wawa, Ontario, comprises an underground mine, the Mishi open‐pit deposit and a 3,200‐tonne‐per‐day milling facility that produces gold‐rich concentrates. In Val‐d’Or, Quebec, the Kiena property features an established decline and infrastructure supporting ongoing underground exploration at the Deep A Zone and evaluation of adjoining zones for potential resource expansion.
Since commencing production in 2008, Eagle River has delivered steady gold output through conventional milling and flotation circuits, while exploration programs at Kiena have continued to intersect high‐grade gold mineralization.