Western Alaska Minerals (CVE:WAM) Shares Up 4% – Should You Buy?

Shares of Western Alaska Minerals Corp. (CVE:WAM) shot up 4% during mid-day trading on Thursday . The company traded as high as C$0.78 and last traded at C$0.78. 12,520 shares were traded during trading, a decline of 80% from the average session volume of 61,782 shares. The stock had previously closed at C$0.75.

Western Alaska Minerals Stock Down 1.3 %

The stock’s 50-day moving average price is C$0.72 and its 200-day moving average price is C$0.79. The company has a market capitalization of C$32.29 million, a price-to-earnings ratio of -5.92 and a beta of 3.59.

Western Alaska Minerals (CVE:WAM) last announced its earnings results on Friday, August 23rd. The company reported C($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.03).

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.