Power Metals Corp. (CVE:PWM – Get Free Report) insider Winsome Resources Limited sold 61,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$0.47, for a total transaction of C$28,670.00. Following the sale, the insider owned 153,000 shares of the company’s stock, valued at C$71,910. This represents a 28.50% decrease in their ownership of the stock.
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 Down 1.9%
CVE PWM traded down C$0.01 during trading on Wednesday, hitting C$0.52. The company had a trading volume of 228,344 shares, compared to its average volume of 203,626. Power Metals Corp. has a one year low of C$0.40 and a one year high of C$1.12. The company has a market cap of C$90.75 million, a price-to-earnings ratio of -52.00 and a beta of 0.47. The company’s fifty day moving average is C$0.48 and its 200-day moving average is C$0.67.
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. 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.
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