Western Resources Corp. (TSE:WRX – Get Free Report)’s stock price was down 11.1% on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 193,655 shares changed hands during mid-day trading, an increase of 164% from the average daily volume of 73,464 shares. The stock had previously closed at C$0.05.
Western Resources Stock Down 11.1 %
The firm’s 50 day moving average is C$0.04 and its two-hundred day moving average is C$0.05. The firm has a market capitalization of C$16.33 million, a P/E ratio of 8.50 and a beta of 0.82. The company has a debt-to-equity ratio of 43.80, a current ratio of 0.05 and a quick ratio of 1.81.
About Western Resources
Western Resources Corp is a resource company focused on the development of its potash project in Canada owned by its wholly owned subsidiary, Western Potash Corp, located in Southern Saskatchewan. Its objectives are to successfully complete Phase I of the Milestone Project to prove a new mining technology, which will then be applied to Phase 2 and 3 to develop potash deposit at an environmentally friendly model.
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