Western Resources (TSE:WRX) Shares Down 25% – Should You Sell?

Western Resources Corp. (TSE:WRXGet Free Report) shares were down 25% on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 126,327 shares were traded during trading, a decline of 28% from the average daily volume of 174,659 shares. The stock had previously closed at C$0.04.

Western Resources Stock Down 14.3 %

The company has a market capitalization of C$12.24 million, a price-to-earnings ratio of 8.50 and a beta of 0.82. The stock’s fifty day moving average price is C$0.05 and its 200-day moving average price is C$0.06. The company has a quick ratio of 1.81, a current ratio of 0.05 and a debt-to-equity ratio of 43.80.

Western Resources Company Profile

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Western Resources Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of potash mineral properties in Canada. The company primarily holds a 100% interest in the Milestone project located to the southeast of Regina in Saskatchewan, Canada. It also invests in real estate projects.

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