Power Metals (CVE:PWM) Sets New 52-Week Low – Here’s Why

Power Metals Corp. (CVE:PWM)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.45 and last traded at C$0.45, with a volume of 172490 shares trading hands. The stock had previously closed at C$0.46.

Power Metals Price Performance

The stock has a 50 day simple moving average of C$0.61 and a 200-day simple moving average of C$0.76. The firm has a market cap of C$70.07 million, a PE ratio of -45.00 and a beta of 0.55.

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. The company also has an option agreement to acquire 100% interests in the Paterson Lake property consisting of 106 cell claims located in northwestern Ontario; and holds Gullwing-Tot Lake property that consists of 112 cell claims located in northwestern Ontario.