Power Metals (CVE:PWM) Shares Up 18.3% - Should You Buy?

Key Points

• Power Metals Corp. shares surged by 18.3% to C$0.97 during mid-day trading, significantly above its previous close of C$0.82.
• The stock's trading volume increased by 108%, with 657,171 shares exchanged, indicating heightened investor interest.
• Power Metals is an exploration company focused on lithium, cesium, and tantalum deposits, holding a 100% interest in the Case Lake property in Ontario.

Shares of Power Metals Corp. (CVE:PWM - ) shot up 18.3% during mid-day trading on Thursday . The stock traded as high as C$0.97 and last traded at C$0.97. 657,171 shares were traded during trading, an increase of 108% from the average session volume of 315,777 shares. The stock had previously closed at C$0.82.

Power Metals Stock Up 18.3%

The stock has a market cap of C$149.75 million, a price-to-earnings ratio of -97.00 and a beta of 0.22. The stock has a fifty day moving average of C$0.77 and a two-hundred 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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