Shares of Power Metals Corp. (CVE:PWM – Get Free Report) rose 17.6% on Friday . The company traded as high as C$0.88 and last traded at C$0.87. Approximately 1,147,598 shares were traded during mid-day trading, an increase of 413% from the average daily volume of 223,718 shares. The stock had previously closed at C$0.74.
Power Metals Stock Performance
The company has a market cap of C$127.06 million, a price-to-earnings ratio of -146.11 and a beta of 0.83. The company has a fifty day moving average of C$0.48 and a two-hundred day moving average of C$0.39.
About Power Metals
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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