Walker River Resources (TSXV:WRR) Shares Increase by 23.7% – Here’s the Scoop

February 03, 2025 06:22 AM EST | By Team Kalkine Media
 Walker River Resources (TSXV:WRR) Shares Increase by 23.7% – Here’s the Scoop

Headlines

  • Walker River Resources Corp. (TSXV:WRR) experienced a significant stock price increase of 23.7% on Saturday, trading as high as C$0.24.
  • The trading volume surged to 101,620 shares, marking a 71% increase from the average daily volume of 59,411 shares.
  • The company focuses on exploration and evaluation of mineral properties, holding a 100% interest in the Lapon Canyon gold project in Nevada.

Market Performance

Walker River Resources Corp., listed under CVE:WRR, witnessed a remarkable rise in its stock price by 23.7% on a recent Saturday, closing at C$0.24. This increase marks a significant boost from its previous close at C$0.19. A noteworthy aspect of this trading session was the surge in the volume of shares traded, with 101,620 shares exchanging hands, which represents a 71% increase from the company's average daily trading volume of 59,411 shares.

The stock's recent performance can also be analyzed through its moving averages. Over the last 50 days, the simple moving average stood at C$0.18, while the 200-day moving average was slightly higher at C$0.20. The company's market capitalization is currently valued at C$11.43 million, with a price-to-earnings (P/E) ratio recorded at -11.75, and a beta value of 1.12, highlighting its volatility relative to the market.

Company Overview

Walker River Resources Corp. operates as an exploration stage company, engaging in identifying, acquiring, and evaluating mineral properties in Canada. A key asset of the company is its 100% interest in the Lapon Canyon gold project, which encompasses 147 claims over approximately 2,940 acres located in Nevada. This project forms a critical part of Walker River Resources' exploration activities, as the company focuses on tapping into the potential of these mineral-rich areas.

 


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