Power Metal Resources plc (LON:POW) Insider Acquires £42,000 in Stock
Power Metal Resources plc (LON:POW) insider Andrew Bell acquired 4,200,000 shares of the stock in a transaction on Thursday, July 30th. The stock was bought at an average cost of GBX 1 ($0.01) per share, with a total value of £42,000 ($51,685.95).
The company’s 50 day moving average price is GBX 0.46 and its two-hundred day moving average price is GBX 0.35. The stock has a market capitalization of $3.14 million and a price-to-earnings ratio of -2.00. Power Metal Resources plc has a 52 week low of GBX 0.16 ($0.00) and a 52 week high of GBX 1.18 ($0.01).
Separately, First Equity reiterated a “buy” rating on shares of Power Metal Resources in a report on Thursday, July 9th.
Power Metal Resources plc, together with its subsidiaries, explores for mineral properties. It primarily explores for cobalt, lithium, copper, nickel, and other battery metals. The company holds interest in four nickel-cobalt exploration licenses in Cameroon; and a 70% interest in the Kisinka copper-cobalt project covering an area of 50 square kilometers in the Democratic Republic of the Congo.
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