Wolfden Resources (CVE:WLF) Trading 266.7% Higher – Here’s Why

Wolfden Resources Co. (CVE:WLF)’s share price traded up 266.7% during trading on Tuesday . The company traded as high as C$0.11 and last traded at C$0.11. 1,470,970 shares were traded during mid-day trading, an increase of 2,080% from the average session volume of 67,470 shares. The stock had previously closed at C$0.03.

Wolfden Resources Stock Up 266.7 %

The stock has a market capitalization of C$18.13 million, a PE ratio of -11.00 and a beta of 0.58. The firm has a 50 day moving average price of C$0.04 and a 200-day moving average price of C$0.04.

About Wolfden Resources

Wolfden Resources Corporation engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. It explores for nickel, copper, cobalt, zinc, lead, gold, silver, platinum grade elements, and sulphide deposits. The company holds 100% interest in the Pickett Mountain property covering an area of 7,134 acres located in Penobscot County, northern Maine; and the Nickel Island property comprising 4 mineral claims, covering an area of 6,041 hectares located in east-central Manitoba.