Power Metals (CVE:PWM) Shares Up 4.3% – Here’s What Happened

Power Metals Corp. (CVE:PWM)’s stock price was up 4.3% during mid-day trading on Thursday . The stock traded as high as C$0.50 and last traded at C$0.48. Approximately 109,500 shares were traded during trading, a decline of 42% from the average daily volume of 190,186 shares. The stock had previously closed at C$0.46.

Power Metals Trading Up 4.3%

The firm has a market capitalization of C$83.77 million, a P/E ratio of -48.00 and a beta of 0.47. The company has a 50-day moving average of C$0.49 and a 200-day moving average of C$0.68.

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.