Power Metals (CVE:PWM) Shares Up 21.6% – Here’s Why

Power Metals Corp. (CVE:PWM)’s share price traded 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 were traded 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 Trading Up 21.6 %

The business’s 50 day moving average is C$0.56 and its two-hundred day moving average is C$0.42. The company has a market cap of C$205.92 million, a PE ratio of -236.80 and a beta of 0.83.

Insider Activity at Power Metals

In related news, Senior Officer Marion Mcgrath sold 31,800 shares of Power Metals stock in a transaction 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. 1.94% of the stock is owned by corporate 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.