Power Metal Resources (LON:POW) Shares Up 12% – Should You Buy?

Power Metal Resources plc (LON:POWGet Free Report)’s stock price shot up 12% during mid-day trading on Friday . The stock traded as high as GBX 14 ($0.19) and last traded at GBX 14 ($0.19). 1,386,525 shares traded hands during mid-day trading, an increase of 150% from the average session volume of 555,583 shares. The stock had previously closed at GBX 12.50 ($0.17).

Power Metal Resources Stock Performance

The firm has a market cap of £15.47 million, a PE ratio of 10.21 and a beta of 0.86. The company has a quick ratio of 2.24, a current ratio of 9.36 and a debt-to-equity ratio of 8.16. The firm has a 50-day moving average price of GBX 15.25 and a two-hundred day moving average price of GBX 13.85.

Power Metal Resources (LON:POWGet Free Report) last released its earnings results on Monday, September 29th. The company reported GBX 4.71 EPS for the quarter.

About Power Metal Resources

(Get Free Report)

Power Metal Resources plc, together with its subsidiaries, engages in the exploration and exploitation of mineral resources in Africa, Australia, Canada, and the United States. The company primarily explores for nickel, lithium, tungsten, rare earths, platinum group elements, copper, graphite, uranium, gold, and silver.

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