Western Resources (TSE:WRX) Shares Down 14.3% – Should You Sell?

Western Resources Corp. (TSE:WRXGet Free Report)’s stock price traded down 14.3% on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. 172,858 shares were traded during mid-day trading, an increase of 115% from the average session volume of 80,353 shares. The stock had previously closed at C$0.04.

Western Resources Stock Up 16.7 %

The company has a current ratio of 0.05, a quick ratio of 1.81 and a debt-to-equity ratio of 43.80. The company’s 50 day simple moving average is C$0.04 and its 200-day simple moving average is C$0.05. The firm has a market cap of C$14.28 million, a P/E ratio of 8.50 and a beta of 0.82.

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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