Power Metal Resources plc (LON:POW) shares rose 7.7% on Friday . The stock traded as high as GBX 0.35 ($0.00) and last traded at GBX 0.35 ($0.00), approximately 1,426,154 shares were traded during mid-day trading. The stock had previously closed at GBX 0.33 ($0.00).
The stock has a market cap of $1.93 million and a P/E ratio of -0.08. The stock’s 50 day moving average is GBX 0.37.
In other news, insider Paul Johnson bought 250,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was bought at an average cost of GBX 1 ($0.01) per share, for a total transaction of £2,500 ($3,288.61).
About Power Metal Resources (LON:POW)
Power Metal Resources plc, together with its subsidiaries, explores for mineral properties. It primarily explores for cobalt, lithium, copper, nickel, and other battery metals. The company holds interest in four nickel-cobalt exploration licenses in Cameroon; and a 70% interest in the Kisinka copper-cobalt project covering an area of 50 square kilometers in the Democratic Republic of the Congo.
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