Power Metals (CVE:PWM) Trading 38.9% Higher - Here's What Happened

Power Metals Corp. (CVE:PWM - Get Free Report)'s share price rose 38.9% during mid-day trading on Thursday . The company traded as high as C$1.03 and last traded at C$1.00. Approximately 2,447,665 shares were traded during 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 Up 38.9%

The firm has a market capitalization of C$146.04 million, a price-to-earnings ratio of -167.94 and a beta of 0.83. The company's 50 day moving average price is C$0.83 and its 200 day moving average price is C$0.76.

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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