Power Metals (CVE:PWM) Shares Down 1.4% – Here’s What Happened

Power Metals Corp. (CVE:PWM) shares dropped 1.4% during trading on Thursday . The company traded as low as C$0.68 and last traded at C$0.68. Approximately 37,975 shares traded hands during trading, a decline of 80% from the average session volume of 191,362 shares. The stock had previously closed at C$0.69.

Power Metals Trading Down 1.4%

The stock has a market cap of C$118.67 million, a P/E ratio of -68.00 and a beta of 0.17. The stock’s 50-day moving average is C$0.56 and its 200-day moving average is C$0.62.

Insider Buying and Selling at Power Metals

In other news, insider Winsome Resources Limited sold 102,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of C$0.46, for a total value of C$46,920.00. Following the completion of the sale, the insider directly owned 51,000 shares of the company’s stock, valued at approximately C$23,460. This represents a 66.67% decrease in their position. Over the last ninety days, insiders have sold 20,245,500 shares of company stock valued at $2,714,790. Corporate 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. The company also has an option agreement to acquire 100% interests in the Paterson Lake property consisting of 106 cell claims located in northwestern Ontario; and holds Gullwing-Tot Lake property that consists of 112 cell claims located in northwestern Ontario.