Power Metals Corp. (CVE:PWM – Get Free Report)’s share price shot up 14% on Wednesday . The company traded as high as C$0.55 and last traded at C$0.53. 1,528,845 shares were traded during mid-day trading, an increase of 651% from the average session volume of 203,634 shares. The stock had previously closed at C$0.47.
Power Metals Price Performance
The firm has a market cap of C$92.49 million, a P/E ratio of -53.00 and a beta of 0.47. The business’s 50-day moving average is C$0.48 and its two-hundred day moving average is C$0.67.
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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