Western Resources (TSE:WRX) Trading Down 25% – Here’s Why

Shares of Western Resources Corp. (TSE:WRXGet Free Report) were down 25% during mid-day trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 126,327 shares changed hands 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 Performance

The company has a debt-to-equity ratio of 43.80, a quick ratio of 1.81 and a current ratio of 0.05. The firm has a market cap of C$14.28 million, a P/E ratio of 8.50 and a beta of 0.82. The company’s 50 day moving average is C$0.05 and its 200 day moving average is C$0.06.

About Western Resources

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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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