Power Metals (CVE:PWM) Trading 32% Higher – Still a Buy?

Power Metals Corp. (CVE:PWMGet Free Report) shares were up 32% during trading on Tuesday . The company traded as high as C$0.68 and last traded at C$0.66. Approximately 1,193,660 shares were traded 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 Up 32.0 %

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.80 and a current ratio of 1.84. The stock has a 50 day moving average price of C$0.45 and a 200 day moving average price of C$0.37. The company has a market cap of C$97.79 million, a P/E ratio of -33.00 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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