Wolfram Resources PLC (LON:WFR) stock analysis: thin trade leaves cash and deal risk in control
Wolfram Resources PLC gave investors a cleaner signal through its lack of trade than through its price. The London Stock Exchange’s normal session runs to 16:30, and by the 17:09 BST dateline the market had closed. Hargreaves Lansdown showed WFR unchanged, with a 1.50p sell price, a 2.00p buy price, a 1.75p previous close, volume of 300 shares and a £1.44 million market value. The same page showed the FTSE 100 down 1.66%, while Reuters had reported broader London weakness earlier on Wednesday. WFR’s flat print should not be read as defensive strength. It was a low-volume quote. The spread is the main technical indicator. A buyer paying 2.00p and selling at 1.50p would start 25% down on the purchase