Power Metals (CVE:PWM) Trading 17.6% Higher – What’s Next?

Power Metals Corp. (CVE:PWMGet Free Report) shares traded up 17.6% on Saturday . The stock traded as high as C$0.88 and last traded at C$0.87. 1,147,598 shares changed hands during mid-day trading, an increase of 413% from the average session volume of 223,718 shares. The stock had previously closed at C$0.74.

Power Metals Price Performance

The company’s 50-day simple moving average is C$0.48 and its two-hundred day simple moving average is C$0.39. The firm has a market capitalization of C$127.06 million, a P/E ratio of -146.11 and a beta of 0.83.

About Power Metals

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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.

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