Shares of Power Metals Corp. (CVE:PWM – Get Free Report) 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 traded 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 Price Performance
The company’s fifty day moving average price is C$0.56 and its 200 day moving average price is C$0.42. The company has a market cap of C$205.92 million, a PE ratio of -236.80 and a beta of 0.83.
Insider Activity
In other 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 value of C$35,616.00. 1.94% of the stock is currently owned by corporate insiders.
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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