Wolfden Resources (CVE:WLF) Shares Down 22.2% – Here’s What Happened

Wolfden Resources Co. (CVE:WLF) traded down 22.2% on Thursday. The company traded as low as C$0.04 and last traded at C$0.04. Approximately 450,000 shares changed hands during trading, an increase of 410% from the average session volume of 88,242 shares. The stock had previously closed at C$0.04.

Wolfden Resources Price Performance

The firm has a market cap of C$6.64 million, a price-to-earnings ratio of -1.75 and a beta of -0.25. The firm’s fifty day moving average is C$0.06 and its 200-day moving average is 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.