Western Uranium (OTCMKTS:WSTRF) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Western Uranium Corporation (OTCMKTS:WSTRF)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.38 and traded as high as $0.3911. Western Uranium shares last traded at $0.3853, with a volume of 116,835 shares.

Western Uranium Trading Down 0.7%

The stock’s 50-day moving average price is $0.38 and its 200-day moving average price is $0.48. The company has a market capitalization of $27.69 million, a P/E ratio of -4.82 and a beta of 0.92.

Western Uranium (OTCMKTS:WSTRF) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. Western Uranium had a negative net margin of 921.07% and a negative return on equity of 18.56%. The firm had revenue of $0.20 million for the quarter, compared to analyst estimates of $0.04 million.

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.