Insider Selling: Power Metals (CVE:PWM) Insider Sells 20,000,000 Shares of Stock

Power Metals Corp. (CVE:PWM) insider Winsome Resources Limited sold 20,000,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$0.13, for a total value of C$2,600,000.00. Following the completion of the transaction, the insider owned 214,000 shares of the company’s stock, valued at C$27,820. The trade was a 98.94% decrease in their ownership of the stock.

Winsome Resources Limited also recently made the following trade(s):

• On Wednesday, May 13th, Winsome Resources Limited sold 20,000 shares of Power Metals stock. The shares were sold at an average price of C$0.46, for a total value of C$9,200.00.
• On Thursday, May 14th, Winsome Resources Limited sold 62,500 shares of Power Metals stock. The shares were sold at an average price of C$0.48, for a total value of C$30,000.00.
• On Friday, May 15th, Winsome Resources Limited sold 61,000 shares of Power Metals stock. The shares were sold at an average price of C$0.47, for a total value of C$28,670.00.
• On Tuesday, May 19th, Winsome Resources Limited sold 102,000 shares of Power Metals stock. The shares were sold at an average price of C$0.46, for a total value of C$46,920.00.

Power Metals Stock Performance

Power Metals stock traded down C$0.01 during trading on Wednesday, hitting C$0.52. The company’s stock had a trading volume of 228,344 shares, compared to its average volume of 203,626. The stock has a market capitalization of C$90.75 million, a price-to-earnings ratio of -52.00 and a beta of 0.47. The stock’s fifty day moving average is C$0.48 and its 200 day moving average is C$0.67. Power Metals Corp. has a 1-year low of C$0.40 and a 1-year high of C$1.12.

About Power Metals

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.