Shares of Power Metals Corp. (CVE:PWM – Get Free Report) were up 17.6% during mid-day trading on Friday . The company traded as high as C$0.88 and last traded at C$0.87. Approximately 1,147,598 shares traded hands during 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 Price Performance
The stock’s fifty day moving average price is C$0.48 and its 200-day moving average price is C$0.39. The firm has a market cap of C$127.06 million, a price-to-earnings ratio of -146.11 and a beta of 0.83.
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.
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