Power Metals (CVE:PWM) Trading 21.6% Higher – Time to Buy?

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 Price Performance

The business’s 50-day moving average is C$0.56 and its 200 day moving average is C$0.42. The firm has a market capitalization of C$205.92 million, a P/E ratio of -236.80 and a beta of 0.83.

Insider Activity

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

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.