Power Metals (CVE:PWM) Insider Sells C$46,920.00 in Stock

Power Metals Corp. (CVE:PWM) insider Winsome Resources Limited sold 102,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of C$0.46, for a total value of C$46,920.00. Following the sale, the insider owned 51,000 shares in the company, valued at approximately C$23,460. This trade represents a 66.67% decrease in their ownership of the stock.

Winsome Resources Limited also recently made the following trade(s):

• On Wednesday, May 13th, Winsome Resources Limited sold 20,000 shares of Power Metals stock. The stock was sold at an average price of C$0.46, for a total value of C$9,200.00.
• On Thursday, May 14th, Winsome Resources Limited sold 62,500 shares of Power Metals stock. The stock was sold at an average price of C$0.48, for a total value of C$30,000.00.
• On Thursday, May 14th, Winsome Resources Limited sold 20,000,000 shares of Power Metals stock. The shares were sold at an average price of C$0.13, for a total value of C$2,600,000.00.
• On Friday, May 15th, Winsome Resources Limited sold 61,000 shares of Power Metals stock. The shares were sold at an average price of C$0.47, for a total value of C$28,670.00.

Power Metals Price Performance

Shares of PWM stock opened at C$0.54 on Friday. The business’s 50 day simple moving average is C$0.48 and its 200 day simple moving average is C$0.67. Power Metals Corp. has a one year low of C$0.40 and a one year high of C$1.12. The stock has a market capitalization of C$94.24 million, a PE ratio of -54.00 and a beta of 0.47.

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. The company also has an option agreement to acquire 100% interests in the Paterson Lake property consisting of 106 cell claims located in northwestern Ontario; and holds Gullwing-Tot Lake property that consists of 112 cell claims located in northwestern Ontario.