Power Metals (CVE:PWM) Shares Up 32% – Still a Buy?

Power Metals Corp. (CVE:PWM) shares traded up 32% during mid-day trading on Tuesday . The company traded as high as C$0.68 and last traded at C$0.66. 1,193,660 shares traded hands during mid-day 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 Price Performance

The business’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 P/E ratio of -35.50 and a beta of 0.83. The company has a current ratio of 1.84, a quick ratio of 1.80 and a debt-to-equity ratio of 0.14.

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.