Walkabout Resources (ASX:WKT) Shares Down 3.6%

Walkabout Resources Ltd (ASX:WKT) dropped 3.6% during mid-day trading on Monday . The stock traded as low as A$0.27 ($0.19) and last traded at A$0.27 ($0.19), approximately 164,413 shares traded hands during trading. A decline of 81% from the average daily volume of 862,722 shares. The stock had previously closed at A$0.28 ($0.20).

The firm’s 50-day simple moving average is A$0.27 and its 200-day simple moving average is A$0.27. The firm has a market capitalization of $85.33 million and a PE ratio of -27.00.

About Walkabout Resources (ASX:WKT)

Walkabout Resources Limited explores for and develops resource and energy assets in Tanzania, Namibia, and Northern Ireland. The company explores for coal, copper, graphite, gold, and lithium deposits, as well as base metals. Its flagship project is the Lindi Jumbo graphite project situated in south-eastern Tanzania.

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