Power Metals (CVE:PWM) Shares Down 1.6% – Should You Sell?

Power Metals Corp. (CVE:PWM) shares were down 1.6% on Thursday . The company traded as low as C$0.61 and last traded at C$0.62. Approximately 64,640 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 176,561 shares. The stock had previously closed at C$0.63.

Power Metals Trading Down 1.6%

The company has a market capitalization of C$108.20 million, a price-to-earnings ratio of -62.00 and a beta of -0.06. The firm has a 50-day moving average price of C$0.63 and a 200-day moving average price of C$0.59. The company has a current ratio of 0.07, a quick ratio of 1.80 and a debt-to-equity ratio of 1.98.

Insiders Place Their Bets

In related news, insider Winsome Resources Limited sold 102,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of C$0.46, for a total transaction of C$46,920.00. Following the completion of the transaction, the insider owned 51,000 shares of the company’s stock, valued at C$23,460. This trade represents a 66.67% decrease in their ownership of the stock. 1.94% of the stock is 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. 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.