Shares of Wolfden Resources Co. (CVE:WLF – Get Free Report) dropped 16.7% during trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05. 196,510 shares traded hands during trading, an increase of 115% from the average session volume of 91,526 shares. The stock had previously closed at C$0.06.
Wolfden Resources Price Performance
The firm’s fifty day simple moving average is C$0.07 and its 200 day simple moving average is C$0.08. The company has a market capitalization of C$9.49 million, a price-to-earnings ratio of -2.50 and a beta of -0.12.
Wolfden Resources Company Profile
Wolfden Resources Corporation engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. It explores for nickel, copper, cobalt, zinc, lead, gold, silver, platinum grade elements, and sulphide deposits. The company holds 100% interest in the Pickett Mountain property covering an area of 7,134 acres located in Penobscot County, northern Maine; and the Nickel Island property comprising 4 mineral claims, covering an area of 6,041 hectares located in east-central Manitoba.
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