Strandline Resources (ASX:STA) Trading Down 8.7%

Strandline Resources Ltd (ASX:STA) shares traded down 8.7% on Wednesday . The stock traded as low as A$0.11 ($0.07) and last traded at A$0.11 ($0.07), 946,671 shares were traded during trading. An increase of 714% from the average session volume of 116,302 shares. The stock had previously closed at A$0.12 ($0.08).

The company’s 50-day moving average price is A$0.11 and its two-hundred day moving average price is A$0.12. The company has a market capitalization of $39.08 million and a price-to-earnings ratio of -4.38.

About Strandline Resources (ASX:STA)

Strandline Resources Limited, together with its subsidiaries, engages in the exploration and evaluation of mineral properties in Australia and Tanzania. It holds 100% interest in a portfolio of heavy mineral sands projects in Tanzania; the Coburn Heavy Mineral Sands project situated in Western Australia; and the Fowlers Bay nickel-gold project located in the Western Gawler region of South Australia.

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