Western Resources Corp. (TSE:WRX – Get Free Report) shares rose 25% during trading on Thursday . The stock traded as high as C$0.06 and last traded at C$0.05. Approximately 237,100 shares were traded during trading, an increase of 279% from the average daily volume of 62,598 shares. The stock had previously closed at C$0.04.
Western Resources Price Performance
The stock has a market capitalization of C$20.41 million, a price-to-earnings ratio of 8.50 and a beta of 0.82. The company has a fifty day simple moving average of C$0.04 and a 200 day simple moving average of C$0.05. The company has a debt-to-equity ratio of 43.80, a quick ratio of 1.81 and a current ratio of 0.05.
Western Resources Company Profile
Western Resources Corp is a resource company focused on the development of its potash project in Canada owned by its wholly owned subsidiary, Western Potash Corp, located in Southern Saskatchewan. Its objectives are to successfully complete Phase I of the Milestone Project to prove a new mining technology, which will then be applied to Phase 2 and 3 to develop potash deposit at an environmentally friendly model.
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