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

Power Metals Corp. (CVE:PWM - Get Free Report)'s stock price shot up 38.9% on Thursday . The company traded as high as C$1.03 and last traded at C$1.00. 2,447,665 shares traded hands during mid-day trading, an increase of 499% from the average session volume of 408,754 shares. The stock had previously closed at C$0.72.

Power Metals Stock Performance

The business's 50-day moving average is C$0.83 and its two-hundred day moving average is C$0.75. The stock has a market capitalization of C$146.04 million, a PE ratio of -167.94 and a beta of 0.83.

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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