Power Metals Corp. (CVE:PWM – Get Free Report) was down 1.6% during trading on Thursday . The company traded as low as C$0.61 and last traded at C$0.62. 64,640 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 176,561 shares. The stock had previously closed at C$0.63.
Power Metals Trading Down 1.6%
The firm has a market capitalization of C$108.20 million, a price-to-earnings ratio of -62.00 and a beta of -0.06. The company has a quick ratio of 1.80, a current ratio of 0.07 and a debt-to-equity ratio of 1.98. The firm’s 50 day moving average is C$0.63 and its 200 day moving average is C$0.59.
Insider Activity
In other news, insider Winsome Resources Limited sold 102,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of C$0.46, for a total transaction of C$46,920.00. Following the completion of the sale, the insider owned 51,000 shares in the company, valued at approximately C$23,460. This represents a 66.67% decrease in their position. Corporate 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. 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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