Western Alaska Minerals (CVE:WAM) Stock Price Down 14.4% – Here’s Why

Western Alaska Minerals Corp. (CVE:WAM)’s stock price fell 14.4% on Thursday . The stock traded as low as C$0.89 and last traded at C$0.89. 523,979 shares were traded during mid-day trading, an increase of 58% from the average session volume of 331,788 shares. The stock had previously closed at C$1.04.

Western Alaska Minerals Stock Performance

The company has a market capitalization of C$85.49 million, a price-to-earnings ratio of -16.17 and a beta of 2.72. The company has a 50-day moving average price of C$1.17 and a 200-day moving average price of C$1.09.

Western Alaska Minerals Company Profile

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.