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

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

The firm’s fifty day moving average price is C$0.56 and its 200 day moving average price is C$0.42. The stock has a market capitalization of C$205.92 million, a price-to-earnings ratio of -236.80 and a beta of 0.83.

Insider Buying and Selling

In other news, Senior Officer Marion Mcgrath sold 31,800 shares of the company’s 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. 1.94% of the stock is owned by corporate 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.