Western Areas (ASX:WSA) Shares Pass Below Two Hundred Day Moving Average of $2.38

Western Areas Ltd (ASX:WSA) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.38 and traded as low as $3.00. Western Areas shares last traded at $3.06, with a volume of 6,168,111 shares changing hands.

The company has a quick ratio of 3.07, a current ratio of 3.55 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average price is A$2.86 and its 200-day moving average price is A$2.38. The company has a market capitalization of $837.05 million and a price-to-earnings ratio of 60.00.

The company also recently announced a Final dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were paid a $0.02 dividend. The ex-dividend date was Thursday, September 12th. This represents a dividend yield of 0.82%. Western Areas’s dividend payout ratio is presently 39.22%.

About Western Areas (ASX:WSA)

Western Areas Limited mines for, processes, and sells nickel sulphide concentrates in Australia. The company develops high grade nickel mines; and explores for nickel sulphides and other base metals. Its flagship property is the Forrestania project located in Western Australia. Western Areas Limited was founded in 1999 and is headquartered in West Perth, Australia.

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