Waseco Resources (CVE:WRI) Shares Up 66.7% – Should You Buy?

Waseco Resources Inc. (CVE:WRIGet Free Report)’s stock price shot up 66.7% during mid-day trading on Friday . The stock traded as high as C$0.03 and last traded at C$0.03. 146,000 shares changed hands during trading, an increase of 274% from the average session volume of 39,027 shares. The stock had previously closed at C$0.02.

Waseco Resources Trading Up 66.7%

The firm has a market cap of C$1.04 million, a price-to-earnings ratio of -12.50 and a beta of 1.72. The firm has a 50 day moving average price of C$0.02 and a 200-day moving average price of C$0.02.

Waseco Resources Company Profile

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Waseco Resources Inc, an exploration stage company, engages in the acquisition, exploration, development, and production of mineral properties in Canada and internationally. The company explores for gold, copper, and diamond deposits. It holds interests in the Battle Mountain Ridge project located in Nevada, the United States; the Tewah Alluvial gold project located in Indonesia; and 5% interest in the diamond exploration project located in the Attawapiskat region of Northern Ontario.

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