Power Metals (CVE:PWM) Trading 18.5% Higher

Power Metals Corp. (CVE:PWM – Get Rating) traded up 18.5% during mid-day trading on Friday . The company traded as high as C$0.33 and last traded at C$0.32. 272,320 shares traded hands during trading, an increase of 34% from the average session volume of 202,606 shares. The stock had previously closed at C$0.27.

Power Metals Price Performance

The company has a current ratio of 1.82, a quick ratio of 1.80 and a debt-to-equity ratio of 0.14. The firm has a market cap of C$40.58 million and a price-to-earnings ratio of -30.50. The stock’s fifty day moving average price is C$0.30 and its 200-day moving average price is C$0.23.

Power Metals Company Profile

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Power Metals Corp., an exploration company, engages in the acquisition, exploration, and evaluation of resource properties in Canada. It holds a 100% interest in the Case Lake property that consists of 475 cell claims located in Ontario. It also has an option agreement to acquire 100% interests in the Paterson Lake and Gullwing-Tot properties consisting of 106 cell claims located in northwestern Ontario.