Western Areas (OTCMKTS:WNARF) Shares Down 31.1% – Here’s What Happened

Western Areas Limited (OTCMKTS:WNARF) traded down 31.1% on Friday . The company traded as low as $2.50 and last traded at $2.50. 3,000 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 3,549 shares. The stock had previously closed at $3.63.

Western Areas Price Performance

The stock has a fifty day moving average price of $2.50 and a two-hundred day moving average price of $2.50.

Western Areas Company Profile

As of June 20, 2022, Western Areas Limited was acquired by IGO Nickel Holdings Pty Ltd. Western Areas Limited mines for, processes, and sells nickel sulphide concentrates and other base metals in Australia. It holds a 100% interest in the Forrestania project located in Western Australia. Western Areas Limited was incorporated in 1999 and is based in West Perth, Australia.