Power Metals (CVE:PWM) Stock Price Up 21.6% – What’s Next?

Power Metals Corp. (CVE:PWM)’s share price shot 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 changed hands 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 company has a market capitalization of C$205.92 million, a price-to-earnings ratio of -236.80 and a beta of 0.83. The company has a 50-day moving average of C$0.56 and a 200-day moving average of C$0.42.

Insiders Place Their Bets

In other news, Senior Officer Marion Mcgrath sold 31,800 shares of the business’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. Insiders own 1.94% of the company’s stock.

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.