Power Metals (CVE:PWM) Shares Down 1.4% – Time to Sell?

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

Power Metals Price Performance

The business has a fifty day moving average of C$0.56 and a 200-day moving average of C$0.62. The stock has a market capitalization of C$118.67 million, a price-to-earnings ratio of -68.00 and a beta of 0.17.

Insider Buying and Selling at Power Metals

In other news, insider Winsome Resources Limited sold 20,000,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of C$0.13, for a total transaction of C$2,600,000.00. Following the completion of the transaction, the insider owned 214,000 shares in the company, valued at approximately C$27,820. This trade represents a 98.94% decrease in their position. In the last three months, insiders have sold 20,245,500 shares of company stock worth $2,714,790. Company 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.