Power Metals (CVE:PWM) Shares Down 12.6% – Should You Sell?

Power Metals Corp. (CVE:PWM)’s share price traded down 12.6% on Tuesday . The stock traded as low as C$0.50 and last traded at C$0.50. 186,712 shares were traded during trading, an increase of 14% from the average session volume of 164,469 shares. The stock had previously closed at C$0.57.

Power Metals Price Performance

The company has a market capitalization of C$70.68 million, a price-to-earnings ratio of -40.50 and a beta of 0.55. The company’s fifty day simple moving average is C$0.55 and its two-hundred day simple moving average is C$0.73.

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. 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.