Power Metals (CVE:PWM) Shares Down 4.4% – Here’s What Happened

Shares of Power Metals Corp. (CVE:PWM – Get Free Report) traded down 4.4% during trading on Friday. The stock traded as low as C$0.41 and last traded at C$0.43. Approximately 175,186 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 169,544 shares. The stock had previously closed at C$0.45.

Power Metals Price Performance

The stock has a market cap of C$75.04 million, a price-to-earnings ratio of -43.00 and a beta of -0.27. The stock’s 50 day moving average price is C$0.55 and its two-hundred day moving average price is C$0.55. The company has a quick ratio of 1.80, a current ratio of 0.07 and a debt-to-equity ratio of 1.98.

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. The company also has an option agreement to acquire 100% interests in the Paterson Lake property consisting of 106 cell claims located in northwestern Ontario; and holds Gullwing-Tot Lake property that consists of 112 cell claims located in northwestern Ontario.

Further Reading

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