Power Metals (CVE:PWM) Stock Price Up 0.7% – Time to Buy?

Power Metals Corp. (CVE:PWM) was up 0.7% during trading on Tuesday . The stock traded as high as C$0.75 and last traded at C$0.75. Approximately 47,519 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 163,715 shares. The stock had previously closed at C$0.74.

Power Metals Stock Performance

The stock has a 50-day moving average price of C$0.80 and a two-hundred day moving average price of C$0.79. The stock has a market capitalization of C$116.01 million, a PE ratio of -74.50 and a beta of -0.02.

Insiders Place Their Bets

In other Power Metals news, insider Winsome Resources Limited sold 111,500 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of C$0.96, for a total value of C$107,040.00. Following the completion of the transaction, the insider directly owned 32,160,500 shares in the company, valued at C$30,874,080. This represents a 0.35% decrease in their ownership of the stock. Insiders have sold a total of 626,000 shares of company stock worth $553,610 over the last quarter. 1.94% of the stock is owned by insiders.

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. 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.