Power Metals (CVE:PWM) Trading 17.6% Higher – Here’s Why

Power Metals Corp. (CVE:PWMGet Free Report)’s stock price was up 17.6% during mid-day trading on Friday . The stock traded as high as C$0.88 and last traded at C$0.87. Approximately 1,147,598 shares were traded during mid-day trading, an increase of 413% from the average daily volume of 223,718 shares. The stock had previously closed at C$0.74.

Power Metals Stock Up 17.6 %

The firm’s 50-day moving average is C$0.48 and its 200-day moving average is C$0.39. The company has a market capitalization of C$127.06 million, a PE ratio of -146.11 and a beta of 0.83.

About Power Metals

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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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