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

Power Metals Corp. (CVE:PWM - Get Free Report)'s stock price was 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. Approximately 2,447,665 shares were traded during mid-day trading, an increase of 499% from the average daily volume of 408,754 shares. The stock had previously closed at C$0.72.

Power Metals Price Performance

The company has a market capitalization of C$146.04 million, a price-to-earnings ratio of -167.94 and a beta of 0.83. The stock has a 50-day moving average price of C$0.83 and a 200-day moving average price of C$0.76.

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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