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

Power Metals Corp. (CVE:PWM)’s stock price shot up 21.6% during trading on Tuesday . The stock 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 Performance

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 firm’s fifty day moving average price is C$0.56 and its 200 day moving average price is C$0.42.

Insider Buying and Selling at Power Metals

In other Power Metals 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 transaction 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.