Power Metallic Mines (OTCMKTS:PNPNF) Trading Up 8.3% - Here's Why

Key Points

• Shares of Power Metallic Mines were up 8.3% on Monday, trading at $0.9150 with about 134,492 shares changing hands — roughly a 59% decline from the average daily volume.
• Noble Financial upgraded the stock to a "Strong Buy", and MarketBeat shows an average analyst rating of Strong Buy for the company.
• Power Metallic Mines is a Toronto-based exploration firm focused on the Nisk Project (nickel‑copper‑PGE, gold and silver); the stock has a market cap of $216.10 million and a trailing P/E of -7.62 with a 50‑day moving average of $0.86.

Shares of Power Metallic Mines Inc. (OTCMKTS:PNPNF - Get Free Report) were up 8.3% during trading on Monday . The stock traded as high as $0.9150 and last traded at $0.9150. Approximately 134,492 shares changed hands during trading, a decline of 59% from the average daily volume of 331,257 shares. The stock had previously closed at $0.8450.

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 investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Strong Buy".

Power Metallic Mines Trading Up 8.3%

The stock has a 50 day moving average price of $0.86. The firm has a market cap of $216.10 million and a price-to-earnings ratio of -7.62.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.