W Resources (LON:WRES) Stock Passes Below Fifty Day Moving Average of $0.44

W Resources PLC (LON:WRES) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.44 and traded as low as $0.43. W Resources shares last traded at $0.44, with a volume of 17,298,926 shares.

The company has a debt-to-equity ratio of 176.64, a current ratio of 2.31 and a quick ratio of 1.34. The stock has a market cap of $26.54 million and a price-to-earnings ratio of -4.40. The stock has a 50 day moving average of GBX 0.44.

About W Resources (LON:WRES)

W Resources Plc engages in the exploration and development of tungsten, tin, copper, and gold properties. Its flagship project is the La Parrilla tungsten project located in Spain. The company was formerly known as Caspian Holdings Plc and changed its name to W Resources Plc in July 2012. W Resources Plc was incorporated in 2004 and is based in London, the United Kingdom.

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