Power Metals (CVE:PWM) Stock Price Up 38.9% - Should You Buy?

Shares of Power Metals Corp. (CVE:PWM - Get Free Report) were up 38.9% during trading on Thursday . The stock traded as high as C$1.03 and last traded at C$1.00. Approximately 2,447,665 shares traded hands 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 Stock Performance

The company has a market cap of C$146.04 million, a P/E ratio of -167.94 and a beta of 0.83. The business's fifty day moving average is C$0.83 and its two-hundred day moving average is C$0.75.

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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