Power Metals (CVE:PWM) Shares Up 9.9% – Still a Buy?

Power Metals Corp. (CVE:PWM) shares shot up 9.9% during mid-day trading on Thursday . The stock traded as high as C$0.45 and last traded at C$0.45. 119,701 shares traded hands during trading, a decline of 40% from the average session volume of 199,703 shares. The stock had previously closed at C$0.41.

Power Metals Stock Up 11.1%

The firm has a market cap of C$78.53 million, a P/E ratio of -45.00 and a beta of 0.55. The firm has a fifty day moving average of C$0.55 and a 200-day moving average of C$0.73.

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.