Power Metal Resources (LON:POW) Stock Price Down 2.7% – Should You Sell?

Power Metal Resources plc (LON:POW) was down 2.7% during mid-day trading on Wednesday . The stock traded as low as GBX 13.11 ($0.16) and last traded at GBX 13.38 ($0.17). Approximately 196,606 shares traded hands during trading, a decline of 13% from the average daily volume of 225,151 shares. The stock had previously closed at GBX 13.75 ($0.17).

Power Metal Resources Stock Down 2.7 %

The stock has a market cap of £15.29 million, a PE ratio of -1,600.00 and a beta of 0.86. The company has a fifty day moving average price of GBX 13.90 and a 200 day moving average price of GBX 15.46.

Insider Transactions at Power Metal Resources

In other news, insider Sean Wade bought 200,000 shares of the stock in a transaction dated Friday, November 15th. The stock was bought at an average price of GBX 12 ($0.15) per share, for a total transaction of £24,000 ($29,666.25). Company insiders own 44.75% of the company’s stock.

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.