Western Alaska Minerals (CVE:WAM) Stock Price Down 4.7% – Should You Sell?

Western Alaska Minerals Corp. (CVE:WAM)’s share price dropped 4.7% during mid-day trading on Friday . The company traded as low as C$0.61 and last traded at C$0.61. Approximately 7,800 shares traded hands during trading, a decline of 72% from the average daily volume of 28,179 shares. The stock had previously closed at C$0.64.

Western Alaska Minerals Stock Down 4.7 %

The stock has a market capitalization of C$16.83 million, a price-to-earnings ratio of -4.86 and a beta of 3.59. The business’s 50 day simple moving average is C$0.52 and its 200-day simple moving average is C$0.63.

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.