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

Power Metals Corp. (CVE:PWM) 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 traded hands during 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 Price Performance

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

Insiders Place Their Bets

In other Power Metals news, Senior Officer Marion Mcgrath sold 31,800 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of C$1.12, for a total transaction of C$35,616.00. Company 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.