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Bullboard - Stock Discussion Forum Power Metals Corp PWRMF


Primary Symbol: V.PWM

Power Metals Corp. is a Canada-based diversified mining company. The principal business of the Company is the acquisition, exploration and evaluation of resource properties. Its exploration project includes Case Lake property. Case Lake Property is located in Steele and Case townships, 80 km east of Cochrane, NE Ontario, close to the Ontario-Quebec border. The Case Lake pegmatite swarm consists... see more

TSXV:PWM - Post Discussion

Power Metals Corp > Institutional Activity
View:
Post by trader53 on Apr 07, 2024 12:21pm

Institutional Activity

Virtu financial services Institutional Clients with the executions of large orders. They are not a retail brokerage house. Since March 25 they have bought just shy of 1,100,000 shares of PWM. This supports that yes indeed there is institutional activity in our market. Since March/25/2024 PWM has traded 32,617,000 shares on the TSX, ATS and the OTC Markets. These volumes suggest that the huge concentration of retail holdings (70%) is changing hands as larger players and Institutions look to accumulate. On Friday alone there were almost 1500 separate transactions which is so indicative of retail distribution. My guess is as these heavily skewed retail concentrations are unwound the share price daily ranges will begin to expand to normal levels for a Company with 144,000,000 shares and no warrants.
Comment by MuhammadAhmad on Apr 07, 2024 12:41pm
  The company's primary focus is on acquiring, exploring, and evaluating resource properties. One of its key exploration projects is the Case Lake Property located in northeastern Ontario, near the Ontario-Quebec border. The property encompasses six spodumene dykes within the Case Lake pegmatite swarm, along with additional claims covering surrounding areas. The company's primary ...more  
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