Shares of Western Areas Limited (OTCMKTS:WNARF – Get Free Report) fell 31.1% on Monday. The stock traded as low as $2.50 and last traded at $2.50. Approximately 3,000 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 3,549 shares. The stock had previously closed at $3.6299.
Western Areas Stock Performance
The business has a 50-day moving average price of $2.50 and a 200-day moving average price of $2.50.
Western Areas Company Profile
Western Areas Limited was an Australian nickel mining company focused on the exploration, development and operation of nickel deposits in Western Australia. Its principal assets included the Forrestania Nickel Project, which comprised the Flying Fox and Spotted Quoll underground mines and the Cosmic Boy processing facility. The company produced nickel concentrate for sale to international customers.
Western Areas also owned the Cosmos Nickel Operation in the northern Goldfields region of Western Australia and advanced the Odysseus underground mine at the project.
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