Power Metals (CVE:PWM) Trading Up 17.7% - Here's What Happened

Key Points

• Power Metals Corp. (CVE:PWM) shares increased by 17.7%, reaching a price of C$0.97 during trading on Wednesday.
• The stock saw a trading volume of approximately 511,086 shares, significantly up 62% from its average daily volume of 314,703 shares.
• Power Metals focuses on the exploration of lithium, cesium, and tantalum deposits and holds a 100% interest in the Case Lake property in Ontario.

Power Metals Corp. (CVE:PWM - )'s share price was up 17.7% during trading on Wednesday . The stock traded as high as C$0.97 and last traded at C$0.97. Approximately 511,086 shares changed hands during trading, an increase of 62% from the average daily volume of 314,703 shares. The stock had previously closed at C$0.82.

Power Metals Stock Performance

The stock has a market capitalization of C$149.75 million, a P/E ratio of -97.00 and a beta of 0.22. The firm has a 50-day moving average price of C$0.76 and a 200 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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