Power Metals (CVE:PWM) Shares Down 6.8% - Time to Sell?

Power Metals Corp. (CVE:PWM - Get Free Report) fell 6.8% during trading on Wednesday . The stock traded as low as C$0.66 and last traded at C$0.69. 470,652 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 433,456 shares. The stock had previously closed at C$0.74.

Power Metals Price Performance

The business has a fifty day moving average price of C$1.08 and a 200 day moving average price of C$0.65. The company has a market capitalization of C$132.90 million, a price-to-earnings ratio of -152.83 and a beta of 0.83.

Insider Activity at Power Metals

In other Power Metals news, Senior Officer Marion Mcgrath sold 31,800 shares of the company's stock in a transaction that occurred on 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 corporate insiders.

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.