Power Metal Resources plc (LON:POW – Get Free Report) dropped 3.4% during mid-day trading on Tuesday . The company traded as low as GBX 13.58 ($0.17) and last traded at GBX 14 ($0.18). Approximately 51,730 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 301,163 shares. The stock had previously closed at GBX 14.50 ($0.18).
Power Metal Resources Stock Down 3.4 %
The company has a market capitalization of £16.00 million, a price-to-earnings ratio of -1,600.00 and a beta of 0.86. The stock’s fifty day moving average price is GBX 14.09 and its 200-day moving average price is GBX 16.
Insider Activity
In other news, insider Sean Wade bought 200,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were bought at an average cost of GBX 12 ($0.15) per share, with a total value of £24,000 ($30,511.06). 44.75% of the stock is owned by corporate insiders.
About Power Metal Resources
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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