Wolfden Resources Co. (CVE:WLF – Get Free Report) shares dropped 30% on Thursday. The company traded as low as C$0.04 and last traded at C$0.04. Approximately 216,000 shares changed hands during mid-day trading, an increase of 146% from the average daily volume of 87,664 shares. The stock had previously closed at C$0.05.
Wolfden Resources Price Performance
The company has a market capitalization of C$6.64 million, a price-to-earnings ratio of -1.75 and a beta of -0.09. The stock has a 50 day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.07.
About Wolfden Resources
Wolfden Resources Corporation engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. It explores for nickel, copper, cobalt, zinc, lead, gold, silver, platinum grade elements, and sulphide deposits. The company holds 100% interest in the Pickett Mountain property covering an area of 7,134 acres located in Penobscot County, northern Maine; and the Nickel Island property comprising 4 mineral claims, covering an area of 6,041 hectares located in east-central Manitoba.
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