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

Key Points

• Power Metals Corp. shares experienced an 18.3% increase on Wednesday, reaching a trading price of C$0.97 with over 657,000 shares exchanged.
• The company's current market capitalization stands at C$149.75 million, with a price-to-earnings ratio of -97.00.
• Power Metals primarily focuses on exploring for lithium, cesium, and tantalum metal deposits, holding a 100% interest in the Case Lake property in Ontario.

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

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. The company's fifty day simple moving average is C$0.76 and its two-hundred day simple moving average is 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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