Shares of Power Metal Resources plc (LON:POW – Get Free Report) fell 2.7% during trading on Wednesday . The company traded as low as GBX 13.11 ($0.16) and last traded at GBX 13.38 ($0.17). 196,606 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 225,151 shares. The stock had previously closed at GBX 13.75 ($0.17).
Power Metal Resources Trading Down 2.7 %
The stock’s fifty day moving average is GBX 13.90 and its two-hundred day moving average is GBX 15.46. The firm has a market cap of £15.29 million, a P/E ratio of -1,600.00 and a beta of 0.86.
Insider Buying and Selling
In other news, insider Sean Wade purchased 200,000 shares of the stock in a transaction on Friday, November 15th. The shares were acquired at an average price of GBX 12 ($0.15) per share, for a total transaction of £24,000 ($29,666.25). 44.75% of the stock is owned by company insiders.
Power Metal Resources Company Profile
Power Metal Resources plc, together with its subsidiaries, engages in the exploration and exploitation of mineral resources in Africa, Australia, Canada, and the United States. The company primarily explores for nickel, lithium, tungsten, rare earths, platinum group elements, copper, graphite, uranium, gold, and silver.
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