Power Metal Resources (LON:POW) Shares Up 3.9% – Here’s Why

Power Metal Resources plc (LON:POW)’s share price rose 3.9% during mid-day trading on Tuesday . The stock traded as high as GBX 16.40 ($0.20) and last traded at GBX 14.80 ($0.18). Approximately 1,014,832 shares changed hands during mid-day trading, an increase of 80% from the average daily volume of 563,333 shares. The stock had previously closed at GBX 14.25 ($0.18).

Power Metal Resources Trading Up 3.9 %

The firm has a 50 day simple moving average of GBX 13.61 and a 200 day simple moving average of GBX 14.61. The firm has a market capitalization of £16.91 million, a PE ratio of -1,600.00 and a beta of 0.86.

Power Metal Resources (LON:POW) last posted its quarterly earnings data on Monday, December 30th. The company reported GBX 3.09 ($0.04) earnings per share (EPS) for the quarter.

Insider Activity at Power Metal Resources

In related news, insider Sean Wade purchased 200,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were acquired at an average price of GBX 12 ($0.15) per share, for a total transaction of £24,000 ($29,884.20). 44.75% of the stock is owned by corporate insiders.

About Power Metal Resources

Power Metal Resources plc, together with its subsidiaries, engages in the exploration and exploitation of mineral resources in Africa, Australia, Canada, and the United States. The company primarily explores for nickel, lithium, tungsten, rare earths, platinum group elements, copper, graphite, uranium, gold, and silver.