CanAlaska Uranium (CVE:CVV) Stock Price Down 2.2% – Here’s Why

CanAlaska Uranium Ltd. (CVE:CVV)’s share price was down 2.2% during trading on Friday . The stock traded as low as C$0.45 and last traded at C$0.45. 159,852 shares changed hands during trading, a decline of 77% from the average daily volume of 688,437 shares. The stock had previously closed at C$0.46.

CanAlaska Uranium Stock Down 2.2%

The company has a market capitalization of C$99.05 million, a PE ratio of -5.00 and a beta of -0.14. The stock has a 50-day moving average of C$0.60 and a 200 day moving average of C$0.70.

Insider Transactions at CanAlaska Uranium

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