Power Metals Corp. (CVE:PWM – Get Free Report) shares shot up 21.6% during mid-day trading 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 mid-day 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 firm has a 50-day moving average of C$0.56 and a 200 day moving average of C$0.42. The company has a market capitalization of C$205.92 million, a PE ratio of -236.80 and a beta of 0.83.
Insiders Place Their Bets
In related news, Senior Officer Marion Mcgrath sold 31,800 shares of the business’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.
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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