Walkabout Resources (ASX:WKT) Shares Down 6%

Walkabout Resources Ltd (ASX:WKT) traded down 6% during mid-day trading on Wednesday . The stock traded as low as A$0.23 ($0.16) and last traded at A$0.24 ($0.17), 534,274 shares traded hands during mid-day trading. A decline of 38% from the average session volume of 862,722 shares. The stock had previously closed at A$0.25 ($0.18).

The firm’s 50-day moving average price is A$0.29 and its 200-day moving average price is A$0.30. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 1.64. The company has a market cap of $74.51 million and a P/E ratio of -26.11.

Walkabout Resources Company Profile (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.

Further Reading: Percentage Decliners

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