Power Metals (CVE:PWM) Shares Up 17.2% – Time to Buy?

Power Metals Corp. (CVE:PWMGet Free Report)’s share price rose 17.2% during mid-day trading on Tuesday . The stock traded as high as C$1.05 and last traded at C$1.02. Approximately 1,133,495 shares were traded during trading, an increase of 355% from the average daily volume of 248,960 shares. The stock had previously closed at C$0.87.

Power Metals Stock Performance

The company has a market capitalization of C$156.27 million, a PE ratio of -179.70 and a beta of 0.83. The company’s 50-day simple moving average is C$0.52 and its 200-day simple moving average is C$0.41.

Power Metals Company Profile

(Get Free Report)

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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