Shares of Power Metals Corp. (CVE:PWM – Get Free Report) shot up 32% on Tuesday . The company traded as high as C$0.68 and last traded at C$0.66. 1,193,660 shares changed hands during trading, an increase of 592% from the average session volume of 172,589 shares. The stock had previously closed at C$0.50.
Power Metals Trading Down 1.4 %
The firm’s 50 day simple moving average is C$0.46 and its 200-day simple moving average is C$0.38. The company has a market capitalization of C$105.19 million, a PE ratio of -35.50 and a beta of 0.83. The company has a quick ratio of 1.80, a current ratio of 1.84 and a debt-to-equity ratio of 0.14.
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.
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