Power Metals (CVE:PWM) Shares Up 0.7% – What’s Next?

Shares of Power Metals Corp. (CVE:PWM) shot up 0.7% during mid-day trading on Tuesday . The company traded as high as C$0.75 and last traded at C$0.75. 47,519 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 163,715 shares. The stock had previously closed at C$0.74.

Power Metals Price Performance

The company has a 50-day moving average price of C$0.80 and a 200 day moving average price of C$0.79. The firm has a market capitalization of C$116.01 million, a PE ratio of -74.50 and a beta of -0.02.

Insider Transactions at Power Metals

In related news, insider Winsome Resources Limited sold 47,000 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of C$0.73, for a total value of C$34,310.00. Following the transaction, the insider directly owned 31,674,000 shares of the company’s stock, valued at approximately C$23,122,020. The trade was a 0.15% decrease in their position. Over the last 90 days, insiders sold 626,000 shares of company stock worth $553,610. 1.94% of the stock is currently owned by company 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. The company also has an option agreement to acquire 100% interests in the Paterson Lake property consisting of 106 cell claims located in northwestern Ontario; and holds Gullwing-Tot Lake property that consists of 112 cell claims located in northwestern Ontario.