Power Metals (CVE:PWM) Shares Up 21.6% – Here’s Why

Power Metals Corp. (CVE:PWM) shares were up 21.6% during mid-day trading on Monday . The stock traded as high as C$1.47 and last traded at C$1.41. Approximately 1,506,199 shares traded hands during 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 Trading Up 21.6 %

The business has a 50-day moving average price of C$0.56 and a 200 day moving average price of C$0.42. The stock has a market capitalization of C$205.92 million, a P/E ratio of -236.80 and a beta of 0.83.

Insider Activity at Power Metals

In other Power Metals news, Senior Officer Marion Mcgrath sold 31,800 shares of the company’s stock in a transaction that occurred 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. 1.94% of the stock is owned by insiders.

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.