Wesdome Gold Mines Ltd. (WDO:CA) Declines 6.01% for October 11

Equities Staff  |

It was a tough day for Wesdome Gold Mines Ltd. (WDO:CA) as its stock fell 6.01% to finish the day at $5.94 a share on October 11. That reduces the company’s market cap to 814.97 million on 137.06 million outstanding shares. Wesdome Gold Mines Ltd. is a component of the the S&P/TSX SmallCap Index.

525,595 shares exchanged hands over the course of the day as compared with an average daily volume of n/a over the last 30 days.

Wesdome Gold Mines Ltd is a gold producer engaged in mining related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group are primarily functioned through Canada and it derives revenue from the sale of gold and silver bullion.. Wesdome Gold Mines Ltd. makes its home in Toronto, ON, and currently has CEO Duncan Middlemiss at the helm.

The past 52 weeks have seen the stock trade in a range between a high of $7.81 and a low of $3.30, and it’s currently sporting a 50-day SMA of $n/a and a 200-day SMA of $n/a. The current P/E ratio stands at n/a, with a P/B ratio of 4.57.

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Wesdome Gold Mines Ltd. ($WDO:CA) is one of the 200 Canadian small-cap stocks that make up the S&P500/TSX SmallCap Index, the widely recognized benchmark for gauging the performance of the Canadian small-cap market. Similar to the Russell 2000 in the United States, the index is market cap-weighted and consists only of smaller companies. To be a part of the index, a company must have a market capitalization between C$100 million and C$1.5 billion with an average share price of C$1 or more.

To get more information on Wesdome Gold Mines Ltd. and to follow the company’s latest updates, you can visit the company’s profile page here: WDO:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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