Power Metals (CVE:PWM) Trading Down 2.8% – Should You Sell?

Power Metals Corp. (CVE:PWM)’s stock price fell 2.8% on Tuesday . The company traded as low as C$0.68 and last traded at C$0.69. 122,959 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 158,488 shares. The stock had previously closed at C$0.71.

Power Metals Price Performance

The business’s 50 day moving average price is C$0.78 and its 200 day moving average price is C$0.79. The stock has a market capitalization of C$107.44 million, a P/E ratio of -69.00 and a beta of 0.06.

Insider Activity at Power Metals

In other Power Metals news, insider Winsome Resources Limited sold 47,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of C$0.73, for a total transaction of C$34,310.00. Following the sale, the insider owned 31,674,000 shares in the company, valued at approximately C$23,122,020. This trade represents a 0.15% decrease in their position. 1.94% of the stock is 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.