Power Metals Corp. (CVE:PWM – Get Free Report) shares were up 12.8% during mid-day trading on Wednesday . The company traded as high as C$1.32 and last traded at C$1.32. Approximately 480,461 shares traded hands during trading, an increase of 24% from the average daily volume of 388,419 shares. The stock had previously closed at C$1.17.
Power Metals Stock Performance
The company’s 50 day moving average price is C$0.70 and its 200-day moving average price is C$0.48. The stock has a market cap of C$179.63 million, a P/E ratio of -206.57 and a beta of 0.83.
Insiders Place Their Bets
In other Power Metals news, Senior Officer Marion Mcgrath sold 31,800 shares of the company’s stock in a transaction on 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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