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Power Metals (CVE:PWM) Trading Up 32% - Time to Buy?

Power Metals logo with Basic Materials background

Power Metals Corp. (CVE:PWM - Get Free Report)'s stock price rose 32% on Monday . The company traded as high as C$0.68 and last traded at C$0.66. Approximately 1,193,660 shares changed hands during mid-day trading, an increase of 592% from the average daily volume of 172,589 shares. The stock had previously closed at C$0.50.

Power Metals Stock Performance

The stock's 50-day moving average price is C$0.46 and its two-hundred day moving average price is C$0.38. The stock has a market capitalization of C$127.06 million, a PE ratio of -146.11 and a beta of 0.83.

About Power Metals

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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.

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