Power Metals (CVE:PWM) Shares Down 1.5% - Here's What Happened

Key Points

• Power Metals Corp. shares declined by 1.5% to C$0.64 during mid-day trading, with a notable drop in trading volume by 52% from the average.
• The company's market cap stands at C$98.81 million, with a price-to-earnings ratio of -64.00, reflecting ongoing challenges.
• Power Metals primarily focuses on the exploration of lithium, cesium, and tantalum deposits, holding a key property in Ontario.

Power Metals Corp. (CVE:PWM - )'s stock price fell 1.5% during mid-day trading on Wednesday . The company traded as low as C$0.62 and last traded at C$0.64. 160,417 shares traded hands during trading, a decline of 52% from the average session volume of 330,829 shares. The stock had previously closed at C$0.65.

Power Metals Trading Down 1.5%

The firm has a market cap of C$98.81 million, a price-to-earnings ratio of -64.00 and a beta of 0.38. The stock has a 50-day moving average of C$0.73 and a 200-day moving average of C$0.89.

About Power Metals

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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