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Power Metals (CVE:PWM) Shares Down 10% - Here's Why

Power Metals logo with Basic Materials background

Shares of Power Metals Corp. (CVE:PWM - Get Free Report) dropped 10% during trading on Monday . The stock traded as low as C$0.71 and last traded at C$0.72. Approximately 820,358 shares were traded during mid-day trading, an increase of 128% from the average daily volume of 360,361 shares. The stock had previously closed at C$0.80.

Power Metals Stock Performance

The firm has a market cap of C$115.37 million, a PE ratio of -132.67 and a beta of 0.83. The firm's 50 day simple moving average is C$0.81 and its 200 day simple moving average is C$0.85.

About Power Metals

(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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