Shares of Power Metals Corp. (CVE:PWM – Get Free Report) rose 21.6% on Tuesday . The stock traded as high as C$1.47 and last traded at C$1.41. Approximately 1,506,199 shares traded hands during mid-day trading, an increase of 364% from the average daily volume of 324,861 shares. The stock had previously closed at C$1.16.
Power Metals Price Performance
The company has a 50 day moving average price of C$0.56 and a two-hundred day moving average price of C$0.42. The stock has a market cap of C$205.92 million, a PE ratio of -236.80 and a beta of 0.83.
Insider Transactions at Power Metals
In other news, Senior Officer Marion Mcgrath sold 31,800 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of C$1.12, for a total value of C$35,616.00. Company insiders own 1.94% of the company’s stock.
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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