Power Metals (CVE:PWM) Sets New 12-Month Low – What’s Next?

Power Metals Corp. (CVE:PWM) shares reached a new 52-week low on Wednesday . The company traded as low as C$0.41 and last traded at C$0.41, with a volume of 2130863 shares. The stock had previously closed at C$0.49.

Power Metals Stock Down 16.5%

The stock has a market capitalization of C$70.68 million, a price-to-earnings ratio of -40.50 and a beta of 0.55. The business has a 50-day simple moving average of C$0.56 and a two-hundred day simple moving average of C$0.73.

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. 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.