Western Resources (TSE:WRX) Stock Price Up 16.7% – Still a Buy?

Western Resources Corp. (TSE:WRXGet Free Report) shares traded up 16.7% during mid-day trading on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. 103,440 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 82,859 shares. The stock had previously closed at C$0.03.

Western Resources Stock Performance

The company has a market capitalization of C$16.33 million, a P/E ratio of 8.50 and a beta of 0.82. The business has a 50-day moving average of C$0.05 and a 200-day moving average of C$0.05. The company has a debt-to-equity ratio of 43.80, a current ratio of 0.05 and a quick ratio of 1.81.

Western Resources Company Profile

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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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