Western Areas (OTCMKTS:WNARF) Stock Price Down 31.1% – Here’s What Happened

Shares of Western Areas Limited (OTCMKTS:WNARF) dropped 31.1% on Thursday . The company traded as low as $2.50 and last traded at $2.50. Approximately 3,000 shares were traded during trading, a decline of 15% from the average daily volume of 3,549 shares. The stock had previously closed at $3.6299.

Western Areas Price Performance

The business has a 50 day simple moving average of $2.50 and a 200 day simple moving average of $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.