Power Metals (CVE:PWM) Shares Up 12.2% - Time to Buy?

Key Points

• Power Metals Corp. shares increased by 12.2%, closing at C$0.92, up from a previous close of C$0.82, with trading volume slightly below average.
• The company's market capitalization stands at C$149.75 million, with a price-to-earnings ratio of -97.00, indicating it is not generating earnings at this time.
• Power Metals focuses on the exploration of lithium, cesium, and tantalum deposits and holds a 100% interest in the Case Lake property in Ontario.

Power Metals Corp. (CVE:PWM - )'s share price shot up 12.2% on Wednesday . The stock traded as high as C$0.93 and last traded at C$0.92. 290,786 shares were traded during mid-day trading, a decline of 7% from the average session volume of 313,566 shares. The stock had previously closed at C$0.82.

Power Metals Stock Up 18.3%

The firm has a market cap of C$149.75 million, a price-to-earnings ratio of -97.00 and a beta of 0.22. The business has a 50 day moving average of C$0.76 and a 200 day moving average of C$0.79.

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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