Wolfden Resources (CVE:WLF) Stock Jumps 12.5% – What’s Next?

Wolfden Resources Co. (CVE:WLF)’s share price traded up 12.5% during mid-day trading on Tuesday. The company traded as high as C$0.04 and last traded at C$0.04. 193,000 shares were traded during trading, an increase of 117% from the average daily volume of 88,874 shares. The stock had previously closed at C$0.04.

Wolfden Resources Stock Performance

The company has a market cap of C$8.54 million, a PE ratio of -2.25 and a beta of -0.25. The firm’s 50 day moving average is C$0.06 and its 200-day moving average is C$0.07.

About Wolfden Resources

Wolfden Resources Corporation engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. It explores for nickel, copper, cobalt, zinc, lead, gold, silver, platinum grade elements, and sulphide deposits. The company holds 100% interest in the Pickett Mountain property covering an area of 7,134 acres located in Penobscot County, northern Maine; and the Nickel Island property comprising 4 mineral claims, covering an area of 6,041 hectares located in east-central Manitoba.