Power Metals (CVE:PWM) Trading Down 3.3% – Time to Sell?

Power Metals Corp. (CVE:PWM)’s share price dropped 3.3% during trading on Monday . The stock traded as low as C$0.89 and last traded at C$0.89. Approximately 220,450 shares changed hands during trading, a decline of 24% from the average daily volume of 291,011 shares. The stock had previously closed at C$0.92.

Power Metals Stock Performance

The stock has a market cap of C$138.58 million, a PE ratio of -89.00 and a beta of -0.10. The business has a 50 day moving average price of C$0.87 and a two-hundred day moving average price of C$0.80.

Insiders Place Their Bets

In other news, insider Winsome Resources Limited sold 111,500 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of C$0.96, for a total transaction of C$107,040.00. Following the completion of the sale, the insider directly owned 32,160,500 shares of the company’s stock, valued at C$30,874,080. This trade represents a 0.35% decrease in their position. Insiders sold a total of 626,000 shares of company stock valued at $553,610 over the last 90 days. 1.94% of the stock is currently owned by 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.