Western Alaska Minerals (CVE:WAM) Shares Up 6.7% - Here's Why

Key Points

• Western Alaska Minerals Corp. shares surged by 6.7%, trading as high as C$1.28, with a notable increase in volume at 154,236 shares—212% higher than the average.
• The company's market capitalization stands at C$82.22 million, with a price-to-earnings ratio of -15.88 and a beta of 2.85, indicating high volatility.
• Western Alaska Minerals primarily focuses on exploring and developing mining properties for various metals, holding significant claims in Alaska including the Round Top and Honker Properties.

Western Alaska Minerals Corp. (CVE:WAM - )'s share price shot up 6.7% on Tuesday . The stock traded as high as C$1.28 and last traded at C$1.27. 154,236 shares traded hands during trading, an increase of 212% from the average session volume of 49,437 shares. The stock had previously closed at C$1.19.

Western Alaska Minerals Trading Up 6.7%

The firm has a market capitalization of C$82.22 million, a price-to-earnings ratio of -15.88 and a beta of 2.85. The company has a fifty day moving average price of C$1.07 and a two-hundred day moving average price of C$0.80.

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.

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