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

Shares of Western Alaska Minerals Corp. (CVE:WAM) dropped 4.7% during trading on Friday . The company traded as low as C$0.61 and last traded at C$0.61. Approximately 7,800 shares changed hands during mid-day 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 Price Performance

The company’s 50-day simple moving average is C$0.52 and its 200-day simple moving average is C$0.63. The stock has a market capitalization of C$16.83 million, a P/E ratio of -4.86 and a beta of 3.59.

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.