Power Metals (CVE:PWM) Sets New 1-Year Low – Time to Sell?

Power Metals Corp. (CVE:PWM)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as C$0.50 and last traded at C$0.51, with a volume of 120333 shares changing hands. The stock had previously closed at C$0.50.

Power Metals Price Performance

The company has a 50-day moving average of C$0.70 and a two-hundred day moving average of C$0.78. The stock has a market capitalization of C$79.41 million, a PE ratio of -51.00 and a beta of -0.04.

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. 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.