Western Uranium (OTCMKTS:WSTRF) Stock Falls 2% – What’s Next?

Western Uranium Corporation (OTCMKTS:WSTRF)’s share price fell 2% on Monday. The stock traded as low as $0.3165 and last traded at $0.3241. Approximately 36,265 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 143,935 shares. The stock had previously closed at $0.3306.

Western Uranium Stock Performance

The stock’s fifty day simple moving average is $0.39 and its 200-day simple moving average is $0.43. The stock has a market cap of $23.29 million, a P/E ratio of -4.05 and a beta of 1.06.

Western Uranium (OTCMKTS:WSTRF) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $0.20 million during the quarter, compared to analysts’ expectations of $0.04 million. Western Uranium had a negative return on equity of 18.56% and a negative net margin of 921.07%.

About Western Uranium

Western Uranium & Vanadium Corp. is a mineral exploration and development company focused on uranium and vanadium resources in the western United States. Its activities include the acquisition, evaluation, permitting and potential development of properties that may support future production of these strategic minerals.

The company’s principal assets include the Sunday Mine Complex in southwestern Colorado, a group of underground uranium-vanadium mines, and the San Rafael uranium project in Utah.