Shares of Power Metals Corp. (CVE:PWM – Get Free Report) were up 4% during trading on Thursday . The stock traded as high as C$0.53 and last traded at C$0.52. Approximately 48,888 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 176,297 shares. The stock had previously closed at C$0.50.
Power Metals Stock Performance
The company has a debt-to-equity ratio of 1.98, a current ratio of 0.07 and a quick ratio of 1.80. The company has a market capitalization of C$90.75 million, a PE ratio of -52.00 and a beta of -0.06. The firm’s fifty day simple moving average is C$0.62 and its 200 day simple moving average is C$0.57.
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. 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.
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