Power Metallic Mines (OTCMKTS:PNPNF) Trading 2.5% Higher – Time to Buy?

Power Metallic Mines Inc. (OTCMKTS:PNPNF) rose 2.5% during mid-day trading on Tuesday . The company traded as high as $0.9499 and last traded at $0.9480. Approximately 132,977 shares changed hands during trading, a decline of 30% from the average daily volume of 190,527 shares. The stock had previously closed at $0.9247.

Analysts Set New Price Targets

Separately, Noble Financial raised shares of Power Metallic Mines to a “strong-buy” rating in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Power Metallic Mines Stock Up 2.5%

The company has a market capitalization of $223.89 million and a P/E ratio of -7.90. The company has a fifty day simple moving average of $0.83.

About Power Metallic Mines

Power Metallic Mines Inc is an exploration company focused on advancing the Nisk Project Area a nickel-copper-PGE, gold and silver. Power Metallic Mines Inc is based in TORONTO.