Western Uranium (OTCMKTS:WSTRF) Stock Passes Below 50 Day Moving Average – Here’s Why

Western Uranium Corporation (OTCMKTS:WSTRFGet Free Report)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.40 and traded as low as $0.3830. Western Uranium shares last traded at $0.4480, with a volume of 56,438 shares.

Western Uranium Stock Performance

The company has a market capitalization of $29.25 million, a price-to-earnings ratio of -5.09 and a beta of 1.00. The stock’s fifty day simple moving average is $0.40 and its two-hundred day simple moving average is $0.46.

Western Uranium (OTCMKTS:WSTRFGet Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. Western Uranium had a negative net margin of 921.07% and a negative return on equity of 18.56%. The company had revenue of $0.20 million for the quarter, compared to analysts’ expectations of $0.04 million.

About Western Uranium

(Get Free Report)

Western Uranium (OTCMKTS:WSTRF) is a mineral exploration and development company focused on uranium and vanadium projects in the western United States. The company targets resources critical to the nuclear energy sector, positioning itself to supply fuel for utilities seeking low-carbon power generation. As an OTC-traded entity, Western Uranium engages in all stages of project advancement, from early exploration through permitting and development.

The company’s flagship asset is the Sunday Mine Complex in Colorado’s historic Uravan Mineral Belt.

Further Reading

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