Power Metals (CVE:PWM) Stock Price Up 21.6% – Here’s Why

Power Metals Corp. (CVE:PWM) rose 21.6% during mid-day trading on Tuesday . The company traded as high as C$1.47 and last traded at C$1.41. Approximately 1,506,199 shares traded hands during trading, an increase of 364% from the average daily volume of 324,861 shares. The stock had previously closed at C$1.16.

Power Metals Stock Up 21.6 %

The stock has a fifty day moving average of C$0.56 and a 200-day moving average of C$0.42. The stock has a market cap of C$205.92 million, a PE ratio of -236.80 and a beta of 0.83.

Insider Buying and Selling at Power Metals

In other news, Senior Officer Marion Mcgrath sold 31,800 shares of Power Metals stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of C$1.12, for a total transaction of C$35,616.00. 1.94% of the stock is owned by corporate insiders.

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.