Power Metals (CVE:PWM) Trading 18.3% Higher - What's Next?

Key Points

• Power Metals Corp. (CVE:PWM) saw its stock price increase by 18.3% on Thursday, reaching a high of C$0.97.
• The company has a market capitalization of C$149.75 million and a P/E ratio of -97.00.
• Power Metals primarily focuses on exploring for lithium, cesium, and tantalum metal deposits in Canada, owning the Case Lake property in Ontario.

Power Metals Corp. (CVE:PWM - ) shares 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 changed hands 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 Stock Performance

The firm has a market capitalization of C$149.75 million, a price-to-earnings ratio of -97.00 and a beta of 0.22. The company has a 50 day moving average price of C$0.77 and a two-hundred day moving average price 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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