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

Key Points

• Power Metals Corp. shares rose by 18.3% during mid-day trading, reaching C$0.97, with a significant trading volume of approximately 657,171 shares.
• The company has a market capitalization of C$149.75 million and is primarily focused on exploring lithium, cesium, and tantalum metal deposits in Canada.
• Power Metals holds a 100% interest in the Case Lake property, which consists of 475 cell claims located in Ontario.

Shares of Power Metals Corp. (CVE:PWM - ) were up 18.3% during mid-day trading on Wednesday . The company traded as high as C$0.97 and last traded at C$0.97. Approximately 657,171 shares traded hands during mid-day 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 Price Performance

The stock's 50 day moving average is C$0.77 and its 200-day moving average is C$0.79. The company has a market capitalization of C$149.75 million, a P/E 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.

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