Western Alaska Minerals (CVE:WAM) Trading Down 7.3% – Should You Sell?

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

Western Alaska Minerals Trading Down 8.5%

The stock’s 50-day moving average is C$1.01 and its 200-day moving average is C$1.04. 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.

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.