Power Metals (CVE:PWM) Shares Up 17.6% – Here’s Why

Power Metals Corp. (CVE:PWMGet Free Report)’s share price shot 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 Stock Performance

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

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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