Power Metallic Mines (OTCMKTS:PNPNF) Trading 2.5% Higher - Time to Buy?

Key Points

• Power Metallic Mines shares rose 2.5% to $0.948 on Tuesday (intraday high $0.9499) with 132,977 shares traded, about 30% below the average session volume.
• Noble Financial upgraded the stock to a "Strong Buy" on Jan. 21, and MarketBeat shows a consensus rating of Strong Buy.
• The company has a 50-day simple moving average of $0.83, a market capitalization of $223.89 million and a negative P/E (-7.90), and it focuses on advancing the Nisk Project (nickel-copper-PGE, gold and silver) from its Toronto base.

Power Metallic Mines Inc. (OTCMKTS:PNPNF - Get Free Report)'s stock price traded up 2.5% during trading on Tuesday . The stock traded as high as $0.9499 and last traded at $0.9480. 132,977 shares were traded during mid-day trading, a decline of 30% from the average session volume of 190,527 shares. The stock had previously closed at $0.9247.

Analysts Set New Price Targets

Separately, Noble Financial raised shares of Power Metallic Mines to a "strong-buy" rating in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Power Metallic Mines currently has a consensus rating of "Strong Buy".

Power Metallic Mines Price Performance

The stock's fifty day simple moving average is $0.83. The stock has a market capitalization of $223.89 million and a PE ratio of -7.90.

About Power Metallic Mines

Power Metallic Mines Inc is an exploration company focused on advancing the Nisk Project Area a nickel-copper-PGE, gold and silver. Power Metallic Mines Inc is based in TORONTO.

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