Shares of Power Metals Corp. (CVE:PWM – Get Free Report) shot up 6.8% on Wednesday . The company traded as high as C$1.27 and last traded at C$1.25. 350,265 shares were traded during mid-day trading, a decline of 10% from the average session volume of 387,815 shares. The stock had previously closed at C$1.17.
Power Metals Trading Up 12.8 %
The firm has a market cap of C$192.78 million, a price-to-earnings ratio of -221.68 and a beta of 0.83. The firm has a 50 day moving average price of C$0.66 and a 200-day moving average price of C$0.47.
Insider Buying and Selling at Power Metals
In related news, Senior Officer Marion Mcgrath sold 31,800 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of C$1.12, for a total transaction of C$35,616.00. Insiders own 1.94% of the company’s stock.
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.
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