Power Metals (CVE:PWM) Stock Price Up 16% – What’s Next?

Power Metals Corp. (CVE:PWM) shares traded up 16% during mid-day trading on Thursday . The stock traded as high as C$0.58 and last traded at C$0.58. 472,625 shares traded hands during mid-day trading, an increase of 207% from the average session volume of 154,055 shares. The stock had previously closed at C$0.50.

Power Metals Trading Down 5.7%

The stock has a market cap of C$100.34 million, a PE ratio of -57.50 and a beta of 0.55. The business has a 50-day moving average price of C$0.56 and a 200 day moving average price of C$0.74.

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.