Power Metals (CVE:PWM) Stock Price Down 4.4% – Here’s What Happened

Shares of Power Metals Corp. (CVE:PWM) dropped 4.4% on Friday. The stock traded as low as C$0.41 and last traded at C$0.43. Approximately 175,186 shares traded hands during trading, an increase of 3% from the average daily volume of 169,544 shares. The stock had previously closed at C$0.45.

Power Metals Price Performance

The company has a market capitalization of C$75.04 million, a price-to-earnings ratio of -43.00 and a beta of -0.27. The stock has a fifty day simple moving average of C$0.55 and a 200-day simple moving average of C$0.55. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.07 and a quick ratio of 1.80.

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.