Western Alaska Minerals (CVE:WAM) Trading Down 4.8% – Here’s What Happened

Western Alaska Minerals Corp. (CVE:WAM) was down 4.8% on Monday . The stock traded as low as C$0.59 and last traded at C$0.59. Approximately 12,620 shares were traded during trading, a decline of 57% from the average daily volume of 29,393 shares. The stock had previously closed at C$0.62.

Western Alaska Minerals Price Performance

The stock has a market cap of C$16.28 million, a PE ratio of -4.70 and a beta of 3.59. The firm has a 50 day moving average of C$0.61 and a two-hundred day moving average of C$0.59.

Insider Activity

In other news, Senior Officer Joseph Robert Piekenbrock purchased 56,200 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average price of C$0.64 per share, for a total transaction of C$35,968.00. Company insiders own 7.89% of the company’s stock.

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.