Western Uranium Corporation (OTCMKTS:WSTRF) Sees Significant Growth in Short Interest

Western Uranium Corporation (OTCMKTS:WSTRF) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 1,767,060 shares, a growth of 451.4% from the July 15th total of 320,480 shares. Based on an average daily trading volume, of 354,497 shares, the short-interest ratio is presently 5.0 days. Currently, 3.0% of the company’s stock are sold short.

Western Uranium Price Performance

OTCMKTS:WSTRF opened at $0.41 on Thursday. The firm has a 50-day moving average of $0.39 and a 200-day moving average of $0.49. The company has a market cap of $29.82 million, a PE ratio of -4.61 and a beta of 0.92. Western Uranium has a one year low of $0.27 and a one year high of $1.00.

Western Uranium (OTCMKTS:WSTRF) last posted its earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share for the quarter. Western Uranium had a negative return on equity of 21.16% and a negative net margin of 1,493.92%.The business had revenue of $0.03 million during the quarter.

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.