Opawica Explorations (CVE:OPW) Trading 33.3% Higher – Still a Buy?

Opawica Explorations Inc. (CVE:OPW) was up 33.3% during mid-day trading on Tuesday . The company traded as high as C$0.11 and last traded at C$0.10. Approximately 348,183 shares traded hands during mid-day trading, an increase of 164% from the average daily volume of 131,829 shares. The stock had previously closed at C$0.08.

Opawica Explorations Price Performance

The company’s 50-day moving average price is C$0.08 and its two-hundred day moving average price is C$0.08. The company has a market capitalization of C$3.93 million, a price-to-earnings ratio of -1.67 and a beta of -0.61.

About Opawica Explorations

Opawica Explorations Inc engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for gold and base metal deposits. The company holds 100% interests in the Arrowhead and Bazooka East claims located in northern Quebec, Canada; and the Bazooka west property, which comprises 24 mineral claims located in Beauchastel Township, Quebec. It also holds 100% interests in the Cornwall Property located in British Columbia. The company was incorporated in 1975 and is based in Vancouver, Canada.