Cormark Has Positive Forecast for CVE:WLF FY2024 Earnings

Wolfden Resources Co. (CVE:WLFFree Report) – Equities research analysts at Cormark lifted their FY2024 earnings estimates for shares of Wolfden Resources in a research report issued to clients and investors on Wednesday, October 30th. Cormark analyst S. Ioannou now forecasts that the company will earn $0.00 per share for the year, up from their previous forecast of ($0.01). The consensus estimate for Wolfden Resources’ current full-year earnings is ($0.01) per share.

Wolfden Resources Stock Down 18.2 %

Shares of WLF opened at C$0.09 on Thursday. The stock has a market cap of C$14.83 million, a PE ratio of -9.00 and a beta of 0.58. Wolfden Resources has a 52-week low of C$0.03 and a 52-week high of C$0.12. The firm’s fifty day moving average is C$0.04 and its two-hundred day moving average is C$0.05.

Wolfden Resources Company Profile

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Wolfden Resources Corporation engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. It explores for nickel, copper, cobalt, zinc, lead, gold, silver, platinum grade elements, and sulphide deposits. The company holds 100% interest in the Pickett Mountain property covering an area of 7,134 acres located in Penobscot County, northern Maine; and the Nickel Island property comprising 4 mineral claims, covering an area of 6,041 hectares located in east-central Manitoba.

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