Western Uranium (OTCMKTS:WSTRF) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Western Uranium Corporation (OTCMKTS:WSTRF)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.53 and traded as low as $0.4697. Western Uranium shares last traded at $0.4823, with a volume of 69,492 shares changing hands.

Western Uranium Trading Down 3.6%

The firm has a market cap of $33.24 million, a P/E ratio of -5.14 and a beta of 0.87. The business’s fifty day moving average price is $0.53 and its two-hundred day moving average price is $0.51.

Western Uranium (OTCMKTS:WSTRF) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $0.03 million for the quarter. Western Uranium had a negative net margin of 1,493.92% and a negative return on equity of 21.16%.

About Western Uranium

Western Uranium (OTCMKTS:WSTRF) is a mineral exploration and development company focused on uranium and vanadium projects in the western United States. The company targets resources critical to the nuclear energy sector, positioning itself to supply fuel for utilities seeking low-carbon power generation. As an OTC-traded entity, Western Uranium engages in all stages of project advancement, from early exploration through permitting and development.

The company’s flagship asset is the Sunday Mine Complex in Colorado’s historic Uravan Mineral Belt.