Power Metal Resources (LON:POW) Trading Down 3.4% – Time to Sell?

Power Metal Resources plc (LON:POWGet Free Report)’s share price was down 3.4% during trading on Tuesday . The stock traded as low as GBX 13.58 ($0.17) and last traded at GBX 14 ($0.17). Approximately 51,730 shares were traded during trading, a decline of 83% from the average daily volume of 301,163 shares. The stock had previously closed at GBX 14.50 ($0.18).

Power Metal Resources Stock Down 0.2 %

The company has a fifty day moving average of GBX 14.02 and a two-hundred day moving average of GBX 15.96. The stock has a market capitalization of £15.68 million, a price-to-earnings ratio of -1,600.00 and a beta of 0.86.

Insider Transactions at Power Metal Resources

In related news, insider Sean Wade acquired 200,000 shares of Power Metal Resources stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of GBX 12 ($0.15) per share, for a total transaction of £24,000 ($29,996.25). Company insiders own 44.75% of the company’s stock.

Power Metal Resources Company Profile

(Get Free Report)

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.

Further Reading

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