Western Uranium (OTCMKTS:WSTRF) Stock Passes Below 50-Day Moving Average – Here’s Why

Western Uranium Corporation (OTCMKTS:WSTRF) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.40 and traded as low as $0.30. Western Uranium shares last traded at $0.3213, with a volume of 285,169 shares traded.

Western Uranium Stock Up 7.9%

The firm has a fifty day moving average of $0.40 and a 200-day moving average of $0.50. The stock has a market capitalization of $23.09 million, a price-to-earnings ratio of -3.57 and a beta of 0.92.

Western Uranium (OTCMKTS:WSTRF) last posted its earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share for the quarter. Western Uranium had a negative net margin of 1,493.92% and a negative return on equity of 21.16%. The firm had revenue of $0.03 million during the quarter.

Western Uranium Company Profile

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.