Power Metals (CVE:PWM) Trading 21.6% Higher – What’s Next?

Power Metals Corp. (CVE:PWM)’s stock price traded up 21.6% during trading on Tuesday . The stock traded as high as C$1.47 and last traded at C$1.41. 1,506,199 shares traded hands 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 Stock Up 21.6 %

The company has a 50 day moving average of C$0.56 and a 200 day moving average of C$0.42. The firm has a market cap of C$205.92 million, a price-to-earnings ratio of -236.80 and a beta of 0.83.

Insider Activity

In other Power Metals news, Senior Officer Marion Mcgrath sold 31,800 shares of the 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. Insiders own 1.94% of the company’s stock.

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.