Power Metals (CVE:PWM) Stock Price Up 18.3% - Still a Buy?

Key Points

• Power Metals Corp. stock price increased by 18.3% during trading, reaching C$0.97, with a trading volume that surged by 108% compared to its average.
• The company focuses on acquiring and exploring resource properties in Canada, specifically targeting lithium, cesium, and tantalum deposits.
• Power Metals has a market capitalization of C$149.75 million and operates with a negative PE ratio of -97.00, indicating its current financial challenges.

Power Metals Corp. (CVE:PWM - )'s share price rose 18.3% during trading on Wednesday . The company traded as high as C$0.97 and last traded at C$0.97. Approximately 657,171 shares traded 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 Stock Up 18.3%

The company has a market cap of C$149.75 million, a P/E ratio of -97.00 and a beta of 0.22. The business has a fifty day moving average of C$0.77 and a 200 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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