Carawine Resources Ltd (ASX:CWX) shares fell 8.3% during trading on Friday . The company traded as low as A$0.17 ($0.12) and last traded at A$0.17 ($0.12), 61,697 shares changed hands during mid-day trading. The stock had previously closed at A$0.18 ($0.13).

The company’s 50-day simple moving average is A$0.13. The stock has a market cap of $9.21 million and a price-to-earnings ratio of -4.58.

Carawine Resources Company Profile (ASX:CWX)

Carawine Resources Limited explores for and develops mineral projects in Western Australia and Victoria, Australia. The company explores for gold, copper, silver, zinc, nickel, cobalt, manganese, and iron deposits. It holds interests in the Jamieson project covering an area of 34 square kilometers located near the township in northeast Victoria; Oakover project that comprises 9 granted exploration licenses and 6 exploration license applications covering a total area of approximately 3,270 square kilometers located in the Eastern Pilbara region; Paterson project located in the Paterson Province; and Fraser Range project that comprises 5 granted exploration licenses located in Western Australia.

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