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

Key Points

• Power Metals Corp. (CVE:PWM) saw its shares rise by 18.3% during trading, reaching a high of C$0.97, which is a significant increase from its previous close of C$0.82.
• The stock experienced a trading volume of approximately 657,171 shares, marking an increase of 108% over the average daily volume.
• Power Metals primarily explores for lithium, cesium, and tantalum metal deposits and holds a 100% interest in the Case Lake property in Ontario.

Shares of Power Metals Corp. (CVE:PWM - ) shot up 18.3% during trading on Thursday . The stock traded as high as C$0.97 and last traded at C$0.97. 657,171 shares were traded during mid-day trading, an increase of 108% from the average session volume of 315,777 shares. The stock had previously closed at C$0.82.

Power Metals Trading Up 18.3%

The firm's 50-day moving average price is C$0.77 and its 200 day moving average price is C$0.79. The company has a market capitalization of C$149.75 million, a price-to-earnings ratio of -97.00 and a beta of 0.22.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.