Western Uranium (OTCMKTS:WSTRF) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Western Uranium Corporation (OTCMKTS:WSTRF)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.38 and traded as high as $0.3911. Western Uranium shares last traded at $0.3853, with a volume of 116,835 shares.

Western Uranium Trading Down 0.7%

The firm has a market capitalization of $27.68 million, a price-to-earnings ratio of -4.82 and a beta of 0.92. The stock’s 50 day moving average price is $0.38 and its two-hundred day moving average price is $0.48.

Western Uranium (OTCMKTS:WSTRF) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $0.20 million during the quarter, compared to analysts’ expectations of $0.04 million. Western Uranium had a negative net margin of 921.07% and a negative return on equity of 18.56%.

About Western Uranium

Western Uranium (OTCMKTS:WSTRF) is a mineral exploration and development company focused on uranium and vanadium projects in the western United States. The company targets resources critical to the nuclear energy sector, positioning itself to supply fuel for utilities seeking low-carbon power generation. As an OTC-traded entity, Western Uranium engages in all stages of project advancement, from early exploration through permitting and development.

The company’s flagship asset is the Sunday Mine Complex in Colorado’s historic Uravan Mineral Belt.