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Power Metals (CVE:PWM) Trading 4.4% Higher - Here's What Happened

Power Metals logo with Basic Materials background

Key Points

  • Power Metals Corp. (CVE:PWM) shares increased by 4.4%, trading at C$0.71 after reaching a high of C$0.73 during Tuesday's trading session.
  • The company's market cap is C$103.69 million, with a price-to-earnings ratio of -119.24, indicating a challenging earnings outlook.
  • Power Metals focuses on exploring lithium, cesium, and tantalum deposits, holding a 100% interest in the Case Lake property in Ontario.
  • Looking to export and analyze Power Metals data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Power Metals Corp. (CVE:PWM - Get Free Report) shot up 4.4% on Tuesday . The company traded as high as C$0.73 and last traded at C$0.71. 159,500 shares were traded during mid-day trading, a decline of 55% from the average session volume of 350,961 shares. The stock had previously closed at C$0.68.

Power Metals Price Performance

The firm has a market cap of C$100.77 million, a PE ratio of -115.88 and a beta of 0.83. The business has a 50-day moving average price of C$0.79 and a two-hundred day moving average price of C$0.88.

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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