Power Metals (CVE:PWM) Trading 18.3% Higher - Here's What Happened

Key Points

• Power Metals Corp. saw its shares increase by 18.3% during trading, reaching a high of C$0.97, with trading volume significantly up 108% compared to average daily volumes.
• The company has a market capitalization of C$149.75 million and a P/E ratio of -97.00, indicating negative earnings.
• Power Metals primarily focuses on the exploration of lithium, cesium, and tantalum metal deposits in Canada, holding a 100% interest in the Case Lake property in Ontario.

Power Metals Corp. (CVE:PWM - ) was up 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 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 Stock Performance

The firm has a market capitalization of C$149.75 million, a P/E ratio of -97.00 and a beta of 0.22. The stock has a 50-day moving average of C$0.76 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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