Western Alaska Minerals (CVE:WAM) Shares Down 7.3% – Here’s Why

Western Alaska Minerals Corp. (CVE:WAM)’s share price traded down 7.3% during mid-day trading on Thursday . The stock traded as low as C$0.75 and last traded at C$0.76. 128,985 shares were traded during trading, a decline of 52% from the average session volume of 267,333 shares. The stock had previously closed at C$0.82.

Western Alaska Minerals Stock Performance

The business has a fifty day simple moving average of C$1.00 and a 200 day simple moving average of C$1.03. The stock has a market cap of C$66.10 million, a price-to-earnings ratio of -12.50 and a beta of 2.46.

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.