Power Metals (CVE:PWM) Shares Up 21.6% – Here’s Why

Shares of Power Metals Corp. (CVE:PWM) shot up 21.6% during mid-day trading on Tuesday . The stock traded as high as C$1.47 and last traded at C$1.41. 1,506,199 shares were traded during mid-day trading, an increase of 364% from the average session volume of 324,861 shares. The stock had previously closed at C$1.16.

Power Metals Stock Up 21.6 %

The company’s fifty day moving average is C$0.56 and its 200-day moving average is C$0.42. The company has a market cap of C$205.92 million, a PE ratio of -236.80 and a beta of 0.83.

Insider Buying and Selling

In related news, Senior Officer Marion Mcgrath sold 31,800 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of C$1.12, for a total value of C$35,616.00. 1.94% of the stock is currently owned by corporate insiders.

Power Metals Company Profile

Power Metals Corp., an exploration company, engages in the acquisition, exploration, and evaluation of resource properties in Canada. The company primarily explores for lithium, cesium, and tantalum metal deposits. It holds a 100% interest in the Case Lake property that consists of 475 cell claims located in Ontario.