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

Western Uranium Corporation (OTCMKTS:WSTRF) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 320,480 shares, a growth of 183.6% from the June 30th total of 112,989 shares. Based on an average trading volume of 151,292 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.5% of the shares of the company are sold short.

Western Uranium Price Performance

Western Uranium stock opened at $0.35 on Monday. Western Uranium has a one year low of $0.32 and a one year high of $1.00. The business has a fifty day moving average price of $0.42 and a 200-day moving average price of $0.51. The firm has a market capitalization of $25.50 million, a P/E ratio of -3.94 and a beta of 0.94.

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