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Wilton Resources shares fell 16.7% on heavy volume amid unexplained trading activity.
Wilton Resources (CVE:WIL) shares dropped 16.7% to C$0.30 on Thursday, with trading volume surging to about 302,000 shares—618% above average—though no clear reason for the decline was provided.
The Calgary-based oil and gas exploration company, formerly Hackamore Capital Corp., operates in Canada, the Middle East, and Africa.
It has a market cap of C$22.48 million, a negative P/E ratio, and a high beta of 2.95, indicating significant volatility.
The stock closed below its 50-day and 200-day moving averages, but no official guidance or corporate event was cited to explain the sell-off.
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Las acciones de Wilton Resources cayeron un 16,7% debido a un gran volumen en medio de una actividad comercial inexplicable.