Power Metals (CVE:PWM) Trading 21.6% Higher – Still a Buy?

Power Metals Corp. (CVE:PWM)’s stock price shot up 21.6% during mid-day trading on Tuesday . The company traded as high as C$1.47 and last traded at C$1.41. 1,506,199 shares were traded during mid-day trading, an increase of 364% from the average session volume of 324,861 shares. The stock had previously closed at C$1.16.

Power Metals Stock Up 21.6 %

The firm has a market cap of C$205.92 million, a P/E ratio of -236.80 and a beta of 0.83. The business’s 50 day moving average is C$0.56 and its 200-day moving average is C$0.42.

Insider Transactions at Power Metals

In other news, Senior Officer Marion Mcgrath sold 31,800 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of C$1.12, for a total value of C$35,616.00. Insiders own 1.94% of the company’s stock.

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.