Power Metals Corp. (CVE:PWM – Get Free Report) dropped 4.2% during mid-day trading on Wednesday . The stock traded as low as C$1.12 and last traded at C$1.14. Approximately 157,140 shares were traded during trading, a decline of 61% from the average daily volume of 401,676 shares. The stock had previously closed at C$1.19.
Power Metals Stock Down 9.2 %
The business’s 50 day simple moving average is C$0.91 and its 200 day simple moving average is C$0.58. The company has a market capitalization of C$157.73 million, a PE ratio of -181.38 and a beta of 0.83.
Insider Buying and Selling
In related news, Senior Officer Marion Mcgrath sold 31,800 shares of the 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. 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.
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