Shares of Western Areas Limited (OTCMKTS:WNARF – Get Free Report) fell 31.1% during mid-day trading on Thursday . The company traded as low as $2.50 and last traded at $2.50. 3,000 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 3,549 shares. The stock had previously closed at $3.6299.
Western Areas Trading Down 31.1%
The firm’s 50-day moving average price is $2.50 and its two-hundred day moving average price is $2.50.
About Western Areas
Western Areas Limited is an Australia-based nickel exploration and mining company listed on the OTC Markets under the symbol WNARF. The company is focused on the discovery, development and production of high-grade nickel sulphide deposits. Western Areas conducts its principal operations in Western Australia’s renowned Goldfields region, leveraging advanced underground mining techniques and a robust exploration program to sustain its resource base.
The company’s flagship asset is the Forrestania Nickel Operation, situated approximately 370 kilometres east of Perth.
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