Winsome Resources Limited Sells 61,000 Shares of Power Metals (CVE:PWM) Stock

Power Metals Corp. (CVE:PWM) insider Winsome Resources Limited sold 61,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$0.47, for a total transaction of C$28,670.00. Following the transaction, the insider directly owned 153,000 shares of the company’s stock, valued at C$71,910. The trade was a 28.50% decrease in their ownership of the stock.

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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of C$0.46, for a total transaction of C$46,920.00.

Power Metals Stock Performance

PWM opened at C$0.52 on Friday. The stock has a market capitalization of C$90.75 million, a price-to-earnings ratio of -52.00 and a beta of 0.47. The company has a fifty day moving average of C$0.48 and a 200 day moving average of C$0.67. Power Metals Corp. has a fifty-two week low of C$0.40 and a fifty-two week high of C$1.12.

Power Metals Company Profile

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.