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Power Metals (CVE:PWM) Trading Up 38.9% - Here's Why

Power Metals logo with Basic Materials background

Power Metals Corp. (CVE:PWM - Get Free Report)'s stock price shot up 38.9% during mid-day trading on Thursday . The stock traded as high as C$1.03 and last traded at C$1.00. 2,447,665 shares were traded during trading, an increase of 499% from the average session volume of 408,547 shares. The stock had previously closed at C$0.72.

Power Metals Stock Performance

The firm has a market capitalization of C$135.82 million, a price-to-earnings ratio of -156.19 and a beta of 0.83. The firm's 50-day moving average price is C$0.83 and its two-hundred day moving average price is C$0.76.

Power Metals Company Profile

(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.

Further Reading

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