Power Metals Corp. (CVE:PWM – Get Free Report) shares rose 21.6% during mid-day trading on Tuesday . The company traded as high as C$1.47 and last traded at C$1.41. Approximately 1,506,199 shares changed hands 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 Stock Up 21.6 %
The stock has a market cap of C$205.92 million, a P/E ratio of -236.80 and a beta of 0.83. The company has a 50-day simple moving average of C$0.56 and a two-hundred day simple moving average of C$0.42.
Insider Activity at Power Metals
In other news, Senior Officer Marion Mcgrath sold 31,800 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of C$1.12, for a total value 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.
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