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Power Metals Corp V.PWM

Alternate Symbol(s):  PWRMF

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 of six spodumene dykes: North, Main, South, East and Northeast Dykes on the Henry Dome and the West Joe Dyke on a new tonalite dome. The Case Lake Property is 10 km x 9.5 km in size and consists of 475 cell claims. The Case Lake pegmatite swarm occurs along a sub provincial boundary between the metasedimentary Opatica Sub province to the north and greenstone Abitibi Sub province to the south. The Company has staked the Pelletier Project consisting of approximately 337 mineral claims that account for total surface area of 7000 hectares in northeast Ontario , approximately 50 km south of Hearst .


TSXV:PWM - Post by User

Post by trader53on Apr 07, 2024 12:21pm
197 Views
Post# 35975567

Institutional Activity

Institutional ActivityVirtu 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.
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