Western Areas (ASX:WSA) Stock Passes Below 200 Day Moving Average of $2.41

Western Areas Ltd (ASX:WSA) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.41 and traded as low as $2.99. Western Areas shares last traded at $3.06, with a volume of 4,297,367 shares.

The company has a current ratio of 3.55, a quick ratio of 3.07 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $837.05 million and a P/E ratio of 60.00. The company’s fifty day moving average is A$2.96 and its 200 day moving average is A$2.41.

The company also recently declared a Final dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, October 4th were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a dividend yield of 0.82%. Western Areas’s dividend payout ratio (DPR) is 39.22%.

About Western Areas (ASX:WSA)

Western Areas Limited mines for, processes, and sells nickel sulphide concentrates in Australia. The company develops high grade nickel mines; and explores for nickel sulphides and other base metals. Its flagship property is the Forrestania project located in Western Australia. Western Areas Limited was founded in 1999 and is headquartered in West Perth, Australia.

Read More: How to use beta for portfolio diversification

Receive News & Ratings for Western Areas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Areas and related companies with MarketBeat.com's FREE daily email newsletter.