Power Metals (CVE:PWM) Shares Up 21.6% – Here’s Why

Power Metals Corp. (CVE:PWM)’s stock price rose 21.6% during trading on Tuesday . The stock 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 Trading Up 21.6 %

The company has a market cap of C$205.92 million, a PE ratio of -236.80 and a beta of 0.83. The business’s 50-day simple moving average is C$0.56 and its 200-day simple moving average is C$0.42.

Insiders Place Their Bets

In other Power Metals 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 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.