Shares of Wolfden Resources Co. (CVE:WLF – Get Free Report) traded down 22.2% during trading on Thursday. The stock traded as low as C$0.04 and last traded at C$0.04. 450,000 shares changed hands during trading, an increase of 410% from the average daily volume of 88,242 shares. The stock had previously closed at C$0.04.
Wolfden Resources Stock Performance
The firm’s 50 day moving average price is C$0.06 and its two-hundred day moving average price is C$0.07. The company has a market cap of C$6.64 million, a P/E ratio of -1.75 and a beta of -0.25.
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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