Western Alaska Minerals (CVE:WAM) Trading Down 7.3% - Should You Sell?

Key Points

• Western Alaska Minerals fell about 7–8% today, trading as low as C$0.75 and last at C$0.76 versus a prior close of C$0.82, on roughly 128,985 shares (about 52% below its average daily volume).
• The stock sits below its 50‑day (C$1.01) and 200‑day (C$1.04) moving averages, has a market cap of C$66.1M, a negative P/E (-12.50) and a high beta (2.46), signaling volatility and no current earnings.
• Western Alaska Minerals is an exploration and development company focused on gold, silver, molybdenum, copper, lead and zinc, holding 100% interests in Alaska projects including Round Top, Honker and the Illinois Creek Mine Project (~73,000 acres).

Western Alaska Minerals Corp. (CVE:WAM - ) dropped 7.3% on Thursday . The stock traded as low as C$0.75 and last traded at C$0.76. Approximately 128,985 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 267,333 shares. The stock had previously closed at C$0.82.

Western Alaska Minerals Trading Down 8.5%

The stock's 50-day moving average is C$1.01 and its 200-day moving average is C$1.04. The stock has a market cap of C$66.10 million, a price-to-earnings ratio of -12.50 and a beta of 2.46.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.