Power Metals (CVE:PWM) Trading 21.6% Higher – Here’s What Happened

Power Metals Corp. (CVE:PWM) shares traded up 21.6% during mid-day trading on Tuesday . The company traded as high as C$1.47 and last traded at C$1.41. 1,506,199 shares traded hands during 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 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 business has a 50-day moving average of C$0.56 and a 200-day moving average of C$0.42.

Insider Activity at Power Metals

In related news, Senior Officer Marion Mcgrath sold 31,800 shares of Power Metals stock in a transaction on 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.

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.