Western Alaska Minerals (CVE:WAM) Trading Down 2% – Should You Sell?

Shares of Western Alaska Minerals Corp. (CVE:WAM) dropped 2% on Wednesday . The company traded as low as C$0.47 and last traded at C$0.48. Approximately 22,100 shares traded hands during trading, an increase of 3% from the average daily volume of 21,356 shares. The stock had previously closed at C$0.49.

Western Alaska Minerals Stock Down 2.0 %

The company’s fifty day moving average is C$0.51 and its two-hundred day moving average is C$0.67. The stock has a market cap of C$20.13 million, a price-to-earnings ratio of -3.69 and a beta of 3.59.

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.