Power Metal Resources plc (LON:POW – Get Free Report) was up 9.9% during mid-day trading on Monday . The stock traded as high as GBX 16.50 ($0.21) and last traded at GBX 16.40 ($0.21). Approximately 851,731 shares traded hands during trading, an increase of 183% from the average daily volume of 301,401 shares. The stock had previously closed at GBX 14.93 ($0.19).
Power Metal Resources Price Performance
The stock’s 50-day moving average is GBX 14.15 and its 200 day moving average is GBX 16.05. The stock has a market cap of £17.18 million, a price-to-earnings ratio of -1,600.00 and a beta of 0.86.
Insider Activity
In related news, insider Sean Wade acquired 200,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average price of GBX 12 ($0.15) per share, with a total value of £24,000 ($30,169.70). Insiders own 44.75% of the company’s stock.
Power Metal Resources Company Profile
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.
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