Power Metals (CVE:PWM) Insider Sells C$28,670.00 in Stock

Power Metals Corp. (CVE:PWM) insider Winsome Resources Limited sold 61,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$0.47, for a total value of C$28,670.00. Following the completion of the transaction, the insider owned 153,000 shares of the company’s stock, valued at approximately C$71,910. This represents a 28.50% 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 shares were sold at an average price of C$0.46, for a total transaction of C$9,200.00.
• On Thursday, May 14th, Winsome Resources Limited sold 62,500 shares of Power Metals stock. The shares were sold at an average price of C$0.48, for a total transaction of C$30,000.00.
• On Thursday, May 14th, Winsome Resources Limited sold 20,000,000 shares of Power Metals stock. The shares were sold at an average price of C$0.13, for a total transaction of C$2,600,000.00.
• On Tuesday, May 19th, Winsome Resources Limited sold 102,000 shares of Power Metals stock. The shares were sold at an average price of C$0.46, for a total transaction of C$46,920.00.

Power Metals Trading Up 3.8%

PWM opened at C$0.54 on Friday. The company has a fifty day simple moving average of C$0.48 and a 200 day simple moving average of C$0.67. The firm has a market cap of C$94.24 million, a price-to-earnings ratio of -54.00 and a beta of 0.47. Power Metals Corp. has a twelve month low of C$0.40 and a twelve month high of C$1.12.

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.