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Power Metals (CVE:PWM) Shares Up 38.9% - Time to Buy?

Power Metals logo with Basic Materials background

Power Metals Corp. (CVE:PWM - Get Free Report) shot up 38.9% during mid-day trading on Thursday . The company traded as high as C$1.03 and last traded at C$1.00. 2,447,665 shares were traded during mid-day trading, an increase of 499% from the average session volume of 408,754 shares. The stock had previously closed at C$0.72.

Power Metals Stock Up 38.9%

The stock's 50 day moving average price is C$0.83 and its 200-day moving average price is C$0.75. The stock has a market capitalization of C$146.04 million, a PE ratio of -167.94 and a beta of 0.83.

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.

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