Western Resources (TSE:WRX) Stock Price Down 27.3% – Here’s Why

Western Resources Corp. (TSE:WRXGet Free Report) shares were down 27.3% on Tuesday . The company traded as low as C$0.03 and last traded at C$0.04. Approximately 649,840 shares traded hands during mid-day trading, an increase of 780% from the average daily volume of 73,848 shares. The stock had previously closed at C$0.06.

Western Resources Price Performance

The company has a market cap of C$14.28 million, a price-to-earnings ratio of 8.50 and a beta of 0.82. The company has a 50-day simple moving average of C$0.06 and a 200-day simple moving average of C$0.06. The company has a debt-to-equity ratio of 43.80, a quick ratio of 1.81 and a current ratio of 0.05.

About Western Resources

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Western Resources Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of potash mineral properties in Canada. The company primarily holds a 100% interest in the Milestone project located to the southeast of Regina in Saskatchewan, Canada. It also invests in real estate projects.

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