Power Metals (CVE:PWM) Trading Up 21.6% – What’s Next?

Power Metals Corp. (CVE:PWM)’s stock price shot up 21.6% during trading on Monday . The stock traded as high as C$1.47 and last traded at C$1.41. 1,506,199 shares changed hands during mid-day trading, an increase of 367% from the average session volume of 322,220 shares. The stock had previously closed at C$1.16.

Power Metals Trading Up 21.6 %

The company’s fifty day simple moving average is C$0.54 and its 200 day simple moving average is C$0.42. The stock has a market capitalization of C$205.92 million, a P/E ratio of -236.80 and a beta of 0.83.

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.