Power Metals (CVE:PWM) Sets New 52-Week Low – What’s Next?

Power Metals Corp. (CVE:PWMGet Free Report)’s stock price hit a new 52-week low on Wednesday . The company traded as low as C$0.61 and last traded at C$0.62, with a volume of 136625 shares traded. The stock had previously closed at C$0.63.

Power Metals Stock Down 5.2%

The company has a market cap of C$85.64 million, a P/E ratio of -55.00 and a beta of -0.04. The firm’s 50-day moving average price is C$0.73 and its 200-day moving average price is C$0.78.

About Power Metals

(Get Free Report)

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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