Power Metals (CVE:PWM) Trading 32% Higher – What’s Next?

Power Metals Corp. (CVE:PWM)’s stock price traded up 32% on Monday . The company traded as high as C$0.68 and last traded at C$0.66. 1,193,660 shares traded hands during trading, an increase of 592% from the average session volume of 172,589 shares. The stock had previously closed at C$0.50.

Power Metals Stock Performance

The company has a current ratio of 1.84, a quick ratio of 1.80 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average price is C$0.46 and its 200-day moving average price is C$0.38. The company has a market capitalization of C$105.19 million, a P/E ratio of -35.50 and a beta of 0.83.

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.