Power Metals (CVE:PWM) Trading 21.6% Higher – Should You Buy?

Power Metals Corp. (CVE:PWM)’s share price rose 21.6% during mid-day trading on Monday . The company traded as high as C$1.47 and last traded at C$1.41. Approximately 1,506,199 shares were traded 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 stock has a market cap of C$205.92 million, a price-to-earnings ratio of -236.80 and a beta of 0.83. The firm’s 50-day moving average is C$0.56 and its 200 day moving average is C$0.42.

Insider Transactions at Power Metals

In other 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 transaction of C$35,616.00. 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.