Power Metals (CVE:PWM) Shares Up 21.6% – What’s Next?

Shares of Power Metals Corp. (CVE:PWM) were up 21.6% during mid-day trading on Monday . The stock traded as high as C$1.47 and last traded at C$1.41. Approximately 1,506,199 shares changed 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 Stock Up 21.6 %

The stock has a 50-day moving average of C$0.56 and a 200 day moving average of C$0.42. The company has a market capitalization 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 that occurred on 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.

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.