Power Metals (CVE:PWM) Shares Up 3.7% – Still a Buy?

Power Metals Corp. (CVE:PWM) rose 3.7% during mid-day trading on Wednesday. The stock traded as high as C$0.42 and last traded at C$0.42. Approximately 67,869 shares traded hands during trading, a decline of 58% from the average session volume of 162,473 shares. The stock had previously closed at C$0.41.

Power Metals Trading Up 3.7%

The company has a current ratio of 0.04, a quick ratio of 1.80 and a debt-to-equity ratio of 5.13. The company has a market cap of C$73.30 million, a price-to-earnings ratio of -4.67 and a beta of -0.30. The firm has a 50-day moving average price of C$0.45 and a 200 day moving average price of C$0.56.

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.