CanAlaska Uranium (CVE:CVV) Trading Down 4.9% – Time to Sell?

CanAlaska Uranium Ltd. (CVE:CVV) shares were down 4.9% on Monday . The company traded as low as C$0.58 and last traded at C$0.58. Approximately 541,491 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 537,743 shares. The stock had previously closed at C$0.61.

CanAlaska Uranium Trading Down 4.9%

The company has a fifty day simple moving average of C$0.67 and a 200-day simple moving average of C$0.71. The company has a market capitalization of C$127.67 million, a PE ratio of -6.44 and a beta of 0.05.

Insider Activity at CanAlaska Uranium

In other news, insider Nathan Jeffrey Bridge sold 50,000 shares of CanAlaska Uranium stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of C$0.62, for a total transaction of C$31,000.00. Following the sale, the insider owned 55,500 shares of the company’s stock, valued at approximately C$34,410. The trade was a 47.39% decrease in their position. Over the last 90 days, insiders have sold 105,000 shares of company stock worth $68,405.