Power Metal Resources (LON:POW) Stock Price Up 1.5% – Should You Buy?

Power Metal Resources plc (LON:POW)’s share price rose 1.5% on Friday . The stock traded as high as GBX 14 ($0.19) and last traded at GBX 13.50 ($0.18). Approximately 1,882,552 shares traded hands during mid-day trading, an increase of 320% from the average daily volume of 448,042 shares. The stock had previously closed at GBX 13.30 ($0.18).

Power Metal Resources Trading Up 1.5%

The firm’s fifty day moving average price is GBX 12.48 and its two-hundred day moving average price is GBX 13.19. The company has a debt-to-equity ratio of 8.16, a current ratio of 9.36 and a quick ratio of 2.24.

Insider Transactions at Power Metal Resources

In other news, insider Edmund (Ed) Charles Frederick Shaw bought 50,000 shares of Power Metal Resources stock in a transaction that occurred on Wednesday, May 14th. The shares were acquired at an average price of GBX 13 ($0.18) per share, with a total value of £6,500 ($8,819.54). Also, insider Sean Wade bought 103,800 shares of Power Metal Resources stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average cost of GBX 13 ($0.18) per share, for a total transaction of £13,494 ($18,309.36). Over the last quarter, insiders have bought 653,800 shares of company stock valued at $8,249,400. 44.75% of the stock is currently owned by company 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.