Western Areas (OTCMKTS:WNARF) Stock Price Down 31.1% – Should You Sell?

Western Areas Limited (OTCMKTS:WNARF)’s share price was down 31.1% during mid-day trading on Friday . The stock traded as low as $2.50 and last traded at $2.50. Approximately 3,000 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 3,549 shares. The stock had previously closed at $3.63.

Western Areas Stock Down 31.1 %

The firm’s 50 day moving average is $2.50 and its 200 day moving average is $2.50.

About Western Areas

As of June 20, 2022, Western Areas Limited was acquired by IGO Nickel Holdings Pty Ltd. Western Areas Limited mines for, processes, and sells nickel sulphide concentrates and other base metals in Australia. It holds a 100% interest in the Forrestania project located in Western Australia. Western Areas Limited was incorporated in 1999 and is based in West Perth, Australia.