Western Alaska Minerals (CVE:WAM) Trading Down 4.8% – Here’s What Happened

Western Alaska Minerals Corp. (CVE:WAM) traded down 4.8% during mid-day trading on Monday . The stock traded as low as C$0.59 and last traded at C$0.59. 12,620 shares changed hands during trading, a decline of 57% from the average session volume of 29,393 shares. The stock had previously closed at C$0.62.

Western Alaska Minerals Trading Down 4.8 %

The business has a 50 day moving average price of C$0.61 and a 200-day moving average price of C$0.59. The firm has a market capitalization of C$16.28 million, a PE ratio of -4.70 and a beta of 3.59.

Insider Buying and Selling

In related news, Senior Officer Joseph Robert Piekenbrock bought 56,200 shares of the company’s stock in a transaction on Friday, March 21st. The stock was bought at an average cost of C$0.64 per share, with a total value of C$35,968.00. 7.89% of the stock is currently owned by corporate insiders.

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.