CanAlaska Uranium (CVE:CVV) Shares Down 4.4% - Time to Sell?

Key Points

• CanAlaska Uranium Ltd. stock declined by 4.4% during mid-day trading, reaching C$0.87, with trading volume dropping 77% from its average.
• Insider activity showed Directors Geoffrey Gay and Karen Lloyd each sold 40,000 shares recently, signaling potential concerns as over 264,500 shares were sold in the last quarter.
• The company has a market cap of C$154.98 million and a P/E ratio of -17.95, indicating it is currently operating at a loss.

CanAlaska Uranium Ltd. (CVE:CVV - Get Free Report)'s share price traded down 4.4% during mid-day trading on Wednesday . The company traded as low as C$0.87 and last traded at C$0.87. 106,353 shares changed hands during trading, a decline of 77% from the average session volume of 468,341 shares. The stock had previously closed at C$0.91.

CanAlaska Uranium Price Performance

The company has a market cap of C$163.88 million and a PE ratio of -18.98. The stock's 50 day moving average is C$0.90 and its 200-day moving average is C$0.82.

Insider Transactions at CanAlaska Uranium

In related news, Director Cory Lane Belyk sold 38,500 shares of the company's stock in a transaction on Monday, May 26th. The shares were sold at an average price of C$0.86, for a total transaction of C$33,110.00. Insiders have sold a total of 89,000 shares of company stock worth $74,760 over the last quarter.