Power Metal Resources (LON:POW) Hits New 52-Week Low – Here’s Why

Power Metal Resources plc (LON:POWGet Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as GBX 11.50 ($0.14) and last traded at GBX 12.01 ($0.15), with a volume of 1082576 shares. The stock had previously closed at GBX 12.75 ($0.16).

Power Metal Resources Stock Performance

The firm has a market cap of £13.73 million, a P/E ratio of -1,600.00 and a beta of 0.86. The company has a 50-day moving average of GBX 13.87 and a 200 day moving average of GBX 15.17.

Insider Buying and Selling at Power Metal Resources

In other news, insider Sean Wade bought 200,000 shares of the stock in a transaction on Friday, November 15th. The stock was purchased at an average price of GBX 12 ($0.15) per share, for a total transaction of £24,000 ($29,593.09). Insiders own 44.75% of the company’s stock.

Power Metal Resources Company Profile

(Get Free Report)

Power Metal Resources plc, together with its subsidiaries, engages in the exploration and exploitation of mineral resources in Africa, Australia, Canada, and the United States. The company primarily explores for nickel, lithium, tungsten, rare earths, platinum group elements, copper, graphite, uranium, gold, and silver.

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