Winsome Resources Limited Sells 20,000,000 Shares of Power Metals (CVE:PWM) Stock

Power Metals Corp. (CVE:PWM) insider Winsome Resources Limited sold 20,000,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$0.13, for a total value of C$2,600,000.00. Following the completion of the transaction, the insider directly owned 214,000 shares in the company, valued at approximately C$27,820. This trade represents a 98.94% decrease in their position.

Winsome Resources Limited also recently made the following trade(s):

• On Wednesday, May 13th, Winsome Resources Limited sold 20,000 shares of Power Metals stock. The stock was sold at an average price of C$0.46, for a total value of C$9,200.00.
• On Thursday, May 14th, Winsome Resources Limited sold 62,500 shares of Power Metals stock. The stock was sold at an average price of C$0.48, for a total value of C$30,000.00.
• On Friday, May 15th, Winsome Resources Limited sold 61,000 shares of Power Metals stock. The stock was sold at an average price of C$0.47, for a total transaction of C$28,670.00.
• On Tuesday, May 19th, Winsome Resources Limited sold 102,000 shares of Power Metals stock. The stock was sold at an average price of C$0.46, for a total transaction of C$46,920.00.

Power Metals Stock Down 1.9%

Shares of Power Metals stock traded down C$0.01 during trading on Wednesday, reaching C$0.52. The company’s stock had a trading volume of 228,344 shares, compared to its average volume of 203,626. Power Metals Corp. has a 12-month low of C$0.40 and a 12-month high of C$1.12. The company has a market capitalization of C$90.75 million, a P/E ratio of -52.00 and a beta of 0.47. The business has a 50 day moving average price of C$0.48 and a 200-day moving average price of C$0.67.

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.