Power Metal Resources (LON:POW) Shares Up 9.9% – Should You Buy?

Power Metal Resources plc (LON:POW)’s share price was up 9.9% during trading on Monday . The company traded as high as GBX 16.50 ($0.21) and last traded at GBX 16.40 ($0.21). Approximately 851,731 shares traded hands during mid-day trading, an increase of 183% from the average daily volume of 301,401 shares. The stock had previously closed at GBX 14.93 ($0.19).

Power Metal Resources Stock Performance

The stock has a fifty day moving average of GBX 14.15 and a 200 day moving average of GBX 16.02. The company has a market capitalization of £18.51 million, a P/E ratio of -1,600.00 and a beta of 0.86.

Insider Transactions at Power Metal Resources

In other news, insider Sean Wade bought 200,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price of GBX 12 ($0.15) per share, for a total transaction of £24,000 ($30,222.89). Corporate insiders own 44.75% of the company’s stock.

Power Metal Resources Company Profile

Power Metal Resources plc, together with its subsidiaries, engages in the exploration and exploitation of mineral resources in Africa, Australia, Canada, and the United States. The company primarily explores for nickel, lithium, tungsten, rare earths, platinum group elements, copper, graphite, uranium, gold, and silver.