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

Key Points

• Power Metals Corp. shares increased by 18.3% to C$0.97, with trading volume rising by 108% compared to the average.
• The company focuses on the exploration of lithium, cesium, and tantalum in Canada, holding a 100% interest in the Case Lake property.
• Power Metals has a market capitalization of C$149.75 million and a price-to-earnings ratio of -97.00.

Shares of Power Metals Corp. (CVE:PWM - ) rose 18.3% on Wednesday . The stock traded as high as C$0.97 and last traded at C$0.97. Approximately 657,171 shares changed hands during trading, an increase of 108% from the average daily volume of 315,777 shares. The stock had previously closed at C$0.82.

Power Metals Price Performance

The firm has a 50-day moving average of C$0.77 and a 200 day moving average of C$0.79. The stock has a market capitalization of C$149.75 million, a price-to-earnings ratio of -97.00 and a beta of 0.22.

Power Metals Company Profile

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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