Power Metals (CVE:PWM) Stock Price Up 21.6% – Still a Buy?

Power Metals Corp. (CVE:PWM) shares traded up 21.6% during trading on Monday . The stock traded as high as C$1.47 and last traded at C$1.41. 1,506,199 shares changed 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 Performance

The stock has a fifty day simple moving average of C$0.56 and a 200 day simple moving average of C$0.42. The firm has a market cap of C$205.92 million, a P/E ratio of -236.80 and a beta of 0.83.

Insider Buying and Selling

In related news, Senior Officer Marion Mcgrath sold 31,800 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were 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.

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.