Power Metals Corp. (CVE:PWM – Get Free Report) shot up 4% on Thursday . The stock traded as high as C$0.53 and last traded at C$0.52. Approximately 48,888 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 176,297 shares. The stock had previously closed at C$0.50.
Power Metals Price Performance
The company has a debt-to-equity ratio of 1.98, a current ratio of 0.07 and a quick ratio of 1.80. The stock has a market capitalization of C$90.75 million, a price-to-earnings ratio of -52.00 and a beta of -0.27. The stock has a 50 day moving average price of C$0.61 and a 200-day moving average price of C$0.57.
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.
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