Power Metals (CVE:PWM) Trading 21.6% Higher – Still a Buy?

Power Metals Corp. (CVE:PWM)’s stock price traded 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. 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 has a market capitalization of C$205.92 million, a P/E ratio of -236.80 and a beta of 0.83. The stock has a 50 day simple moving average of C$0.54 and a 200-day simple moving average of C$0.42.

Insider Buying and Selling

In other Power Metals news, Senior Officer Marion Mcgrath sold 31,800 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of C$1.12, for a total value of C$35,616.00. 1.94% of the stock is currently 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.