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Western Alaska Minerals (CVE:WAM) Trading Up 1.7% - Time to Buy?

Western Alaska Minerals logo with Basic Materials background

Key Points

  • Western Alaska Minerals Corp. (CVE:WAM) saw its share price increase by 1.7% to C$1.20 during trading on Wednesday, with a total trading volume of approximately 44,350 shares.
  • The company has a market cap of C$77.72 million and a negative price-to-earnings ratio of -15.00, indicating ongoing financial challenges.
  • Western Alaska Minerals focuses on exploring and developing mineral properties in the U.S., holding 100% interest in several key projects, including the Round Top Property and the Illinois Creek Mine Project.
  • MarketBeat previews top five stocks to own in October.

Western Alaska Minerals Corp. (CVE:WAM - Get Free Report)'s share price rose 1.7% during trading on Wednesday . The stock traded as high as C$1.20 and last traded at C$1.20. Approximately 44,350 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 52,842 shares. The stock had previously closed at C$1.18.

Western Alaska Minerals Stock Performance

The firm has a market cap of C$77.72 million, a price-to-earnings ratio of -15.00 and a beta of 2.83. The business's 50 day moving average price is C$1.20 and its 200 day moving average price is C$0.87.

Western Alaska Minerals Company Profile

(Get Free Report)

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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