Western Uranium (OTCMKTS:WSTRF) Shares Down 8.1% – Here’s What Happened

Western Uranium Corporation (OTCMKTS:WSTRF)’s stock price traded down 8.1% during trading on Tuesday . The stock traded as low as $0.35 and last traded at $0.35. 93,392 shares were traded during mid-day trading, an increase of 20% from the average daily volume of 78,046 shares. The stock had previously closed at $0.3810.

Western Uranium Price Performance

The business’s 50-day simple moving average is $0.48 and its two-hundred day simple moving average is $0.51. The stock has a market cap of $25.15 million, a price-to-earnings ratio of -3.89 and a beta of 0.94.

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

Western Uranium Company Profile

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.