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Power Metals (CVE:PWM) Trading 12.8% Higher - Still a Buy?

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Power Metals Corp. (CVE:PWM - Get Free Report) was up 12.8% during trading on Wednesday . The company traded as high as C$1.32 and last traded at C$1.32. Approximately 480,461 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 388,419 shares. The stock had previously closed at C$1.17.

Power Metals Price Performance

The company has a market cap of C$197.16 million, a P/E ratio of -226.72 and a beta of 0.83. The stock has a 50-day moving average of C$0.71 and a 200 day moving average of C$0.49.

Insider Buying and Selling

In related news, Senior Officer Marion Mcgrath sold 31,800 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of C$1.12, for a total value of C$35,616.00. 1.94% of the stock is owned by company insiders.

Power Metals Company Profile

(Get Free Report)

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.

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