Western Alaska Minerals (CVE:WAM) Trading Down 7.8% – Time to Sell?

Western Alaska Minerals Corp. (CVE:WAM)’s stock price dropped 7.8% during mid-day trading on Monday . The stock traded as low as C$0.59 and last traded at C$0.59. Approximately 22,800 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 58,528 shares. The stock had previously closed at C$0.64.

Western Alaska Minerals Trading Down 7.8 %

The firm has a market capitalization of C$24.74 million, a price-to-earnings ratio of -4.54 and a beta of 3.59. The company’s 50 day moving average is C$0.67 and its 200-day moving average is C$0.78.

About Western Alaska Minerals

Western Alaska Minerals Corp. engages in the acquiring, exploring, and developing mineral properties in the United States. The company primarily explores for gold, silver, molybdenum, copper, lead, and zinc deposits. It holds a 100% interest in the Round Top Property that consists of 92 state mineral claims located in the Mount McKinley and Nulato mining districts of Alaska; the Honker Property that consists of 24 state mineral claims located in the Mount McKinley mining district of Alaska; and the Illinois Creek Mine Project covering a total area of approximately 73,000 acres located in Alaska.