Western Uranium (OTCMKTS:WSTRF) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Western Uranium Corporation (OTCMKTS:WSTRF)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.44 and traded as low as $0.3443. Western Uranium shares last traded at $0.3547, with a volume of 27,251 shares changing hands.

Western Uranium Stock Down 0.8%

The business has a 50-day moving average price of $0.44 and a two-hundred day moving average price of $0.51. The company has a market capitalization of $25.49 million, a price-to-earnings ratio of -3.94 and a beta of 0.94.

Western Uranium (OTCMKTS:WSTRF) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $0.03 million during 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.