Power Metals (CVE:PWM) Stock Price Down 4.2% – Here’s What Happened

Power Metals Corp. (CVE:PWM)’s stock price fell 4.2% during trading on Wednesday . The stock traded as low as C$1.12 and last traded at C$1.14. 157,140 shares were traded during trading, a decline of 61% from the average session volume of 401,676 shares. The stock had previously closed at C$1.19.

Power Metals Price Performance

The business has a 50-day simple moving average of C$0.95 and a two-hundred day simple moving average of C$0.59. The stock has a market capitalization of C$172.33 million, a price-to-earnings ratio of -198.17 and a beta of 0.83.

Insider Activity

In related 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.

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.