Power Metals (CVE:PWM) Shares Down 4.2% - Time to Sell?

Shares of Power Metals Corp. (CVE:PWM - Get Free Report) fell 4.2% during mid-day trading on Wednesday . The stock traded as low as C$1.12 and last traded at C$1.14. 157,140 shares changed hands during trading, a decline of 61% from the average session volume of 401,676 shares. The stock had previously closed at C$1.19.

Power Metals Stock Performance

The business's 50 day moving average price is C$0.97 and its 200-day moving average price is C$0.60. The firm has a market capitalization of C$167.95 million, a PE ratio of -193.13 and a beta of 0.83.

Insider Buying and Selling

In other Power Metals news, Senior Officer Marion Mcgrath sold 31,800 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of C$1.12, for a total transaction of C$35,616.00. Insiders own 1.94% of the company's stock.

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.