Business
WSA) share price crashed 16% today // The Motley Fool Australia
The Western Areas Ltd (ASX:WSA) share price closed over 16% lower today at $2.46, making the company one of the biggest losers on the ASX for the day. The S&P/ASX 200 Index (ASX: XJO) finished off 2.7% lower.
Western Areas is one of Australia’s top nickel producers with a current market capitalisation of approximately $811 million. Its shares came under pressure today after the company released its most recent quarterly report. Here’s a closer look at its performance for the quarter ending 31 December 2020.
Mining activity updates
Within Western Areas’ Forrestania operation there are four separate mine sites — Flying Fox, Spotted Quoll, Cosmos and Odysseus. The Flying Fox site is Western Areas first producing underground…
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