Wolfram Resources (LON:WFR) Releases Quarterly Earnings Results

Wolfram Resources (LON:WFR) released its quarterly earnings data on Friday. The company reported GBX (0.06) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Wolfram Resources Stock Up 14.3%

Shares of LON WFR traded up GBX 0.25 during trading hours on Friday, reaching GBX 2. 39,807 shares of the stock were exchanged. The company’s fifty day simple moving average is GBX 1.62. Wolfram Resources has a 52 week low of GBX 0.90 and a 52 week high of GBX 2. The company has a market cap of £1.64 million and a price-to-earnings ratio of -4.35.

Wolfram Resources (LON:WFR) is a mineral exploration and development company focused on advancing projects that target tungsten (wolfram) and related hard-rock commodities. The company’s activities are centered on exploration, resource definition, metallurgical test work and early-stage development work intended to move prospects toward potential production. Its business model emphasizes creating value through systematic drilling programs, geological evaluation and technical studies to define economically recoverable mineral resources.

The company’s work typically encompasses licence management, field exploration, environmental and permitting engagement, and collaboration with technical and commercial partners to de-risk projects.