Power Metals (CVE:PWM) Trading Up 4.3% – Should You Buy?

Power Metals Corp. (CVE:PWM)’s stock price shot up 4.3% during mid-day trading on Thursday . The stock traded as high as C$0.50 and last traded at C$0.48. 109,500 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 190,186 shares. The stock had previously closed at C$0.46.

Power Metals Stock Down 3.1%

The company has a fifty day simple moving average of C$0.48 and a two-hundred day simple moving average of C$0.68. The stock has a market capitalization of C$81.15 million, a P/E ratio of -46.50 and a beta of 0.47.

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. 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.