Shares of Power Metals Corp. (CVE:PWM – Get Free Report) rose 17.6% during trading on Saturday . The company traded as high as C$0.88 and last traded at C$0.87. Approximately 1,147,598 shares changed hands during mid-day trading, an increase of 413% from the average daily volume of 223,718 shares. The stock had previously closed at C$0.74.
Power Metals Trading Up 17.6 %
The stock has a market cap of C$127.06 million, a P/E ratio of -146.11 and a beta of 0.83. The stock’s fifty day moving average price is C$0.48 and its 200 day moving average price is C$0.39.
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.
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