Power Metals (CVE:PWM) Shares Up 21.6% – Should You Buy?

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

Power Metals Stock Up 21.6 %

The firm has a market capitalization of C$205.92 million, a price-to-earnings ratio of -236.80 and a beta of 0.83. The stock’s 50 day moving average price is C$0.56 and its two-hundred day moving average price is C$0.42.

Insider Transactions at Power Metals

In other news, Senior Officer Marion Mcgrath sold 31,800 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of C$1.12, for a total value of C$35,616.00. 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.