Key Points
- Winsome Resources Limited sold 102,000 shares of Power Metals on May 19 at an average price of C$0.46, reducing its stake by 66.67% to 51,000 shares.
- The insider has been actively trimming its position with several recent sales, including a large 20 million-share transaction on May 14, along with additional sales on May 13, May 14, and May 15.
- Power Metals stock was down 1.9% and last traded at C$0.52, near the lower end of its 12-month range of C$0.40 to C$1.12.
Power Metals Corp. (CVE:PWM - Get Free Report) insider Winsome Resources Limited sold 61,000 shares of the business's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$0.47, for a total transaction of C$28,670.00. Following the transaction, the insider owned 153,000 shares of the company's stock, valued at approximately C$71,910. This trade represents a 28.50% decrease in their position.
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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of C$0.46, for a total transaction of C$46,920.00.
Power Metals Stock Down 1.9%
CVE PWM opened at C$0.52 on Thursday. The firm has a market cap of C$90.75 million, a PE ratio of -52.00 and a beta of 0.47. The company has a 50 day moving average price of C$0.48 and a 200 day moving average price of C$0.67. Power Metals Corp. has a 52 week low of C$0.40 and a 52 week high of C$1.12.
Power Metals Company Profile
(
Get Free Report)
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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