Power Metals (CVE:PWM) Shares Up 38.9% – Here’s Why

Power Metals Corp. (CVE:PWM)’s share price traded up 38.9% during mid-day trading on Friday . The stock traded as high as C$1.03 and last traded at C$1.00. 2,447,665 shares traded hands during trading, an increase of 499% from the average session volume of 408,754 shares. The stock had previously closed at C$0.72.

Power Metals Stock Performance

The firm has a market cap of C$135.82 million, a PE ratio of -156.19 and a beta of 0.83. The stock’s 50 day simple moving average is C$0.83 and its 200 day simple moving average is C$0.76.

Power Metals Company Profile

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.