Power Metals Corp. (CVE:PWM – Get Free Report) shot up 6.8% on Wednesday . The stock traded as high as C$1.27 and last traded at C$1.25. 350,265 shares changed hands during 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 stock has a market capitalization of C$192.78 million, a price-to-earnings ratio of -221.68 and a beta of 0.83. The business has a 50 day simple moving average of C$0.66 and a 200-day simple moving average of C$0.47.
Insider Buying and Selling
In related news, Senior Officer Marion Mcgrath sold 31,800 shares of the company’s 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. Corporate 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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