Power Metallic Mines (OTCMKTS:PNPNF) Trading Up 8.3% – Here’s Why

Shares of Power Metallic Mines Inc. (OTCMKTS:PNPNF) were up 8.3% during trading on Monday . The stock traded as high as $0.9150 and last traded at $0.9150. Approximately 134,492 shares changed hands during trading, a decline of 59% from the average daily volume of 331,257 shares. The stock had previously closed at $0.8450.

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 MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Power Metallic Mines Trading Up 8.3%

The stock has a 50 day moving average price of $0.86. The firm has a market cap of $216.10 million and a price-to-earnings ratio of -7.62.

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.