Western Alaska Minerals (CVE:WAM) Trading Up 4.4% – Here’s What Happened

Shares of Western Alaska Minerals Corp. (CVE:WAM) were up 4.4% during mid-day trading on Wednesday . The stock traded as high as C$0.89 and last traded at C$0.83. Approximately 93,500 shares traded hands during trading, an increase of 232% from the average daily volume of 28,177 shares. The stock had previously closed at C$0.79.

Western Alaska Minerals Price Performance

The company has a market cap of C$22.76 million, a PE ratio of -6.57 and a beta of 3.59. The business has a fifty day simple moving average of C$0.65 and a two-hundred day simple moving average of C$0.59.

Insiders Place Their Bets

In other Western Alaska Minerals news, Senior Officer Joseph Robert Piekenbrock acquired 56,200 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was purchased at an average price of C$0.64 per share, for a total transaction of C$35,968.00. 7.89% of the stock is currently owned by corporate insiders.

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.