Power Metals (CVE:PWM) Trading 17.1% Higher - Should You Buy?

Key Points

• Power Metals Corp. shares rose 17.1% during mid-day trading, reaching a price of C$0.96, up from a previous close of C$0.82.
• The stock saw a trading volume increase of 106%, with 650,171 shares exchanged, compared to an average of 315,580 shares.
• Power Metals focuses on the exploration of lithium, cesium, and tantalum in Canada, holding 100% interest in the Case Lake property in Ontario.

Power Metals Corp. (CVE:PWM - )'s share price traded up 17.1% during mid-day trading on Wednesday . The company traded as high as C$0.97 and last traded at C$0.96. 650,171 shares were traded during trading, an increase of 106% from the average session volume of 315,580 shares. The stock had previously closed at C$0.82.

Power Metals Price Performance

The stock's fifty day moving average price is C$0.76 and its 200-day moving average price is C$0.79. The firm has a market cap of C$149.75 million, a PE ratio of -97.00 and a beta of 0.22.

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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