Shares of Power Metals Corp. (CVE:PWM – Get Free Report) shot up 21.6% on Tuesday . The stock traded as high as C$1.47 and last traded at C$1.41. 1,506,199 shares traded hands during 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 Price Performance
The company 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 has a fifty day simple moving average of C$0.59 and a 200-day simple moving average of C$0.44.
Insider Buying and Selling
In related news, Senior Officer Marion Mcgrath sold 31,800 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was 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 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.
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