Power Metals (CVE:PWM) Reaches New 1-Year High – Still a Buy?

Power Metals Corp. (CVE:PWMGet Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$1.03 and last traded at C$1.06, with a volume of 444106 shares trading hands. The stock had previously closed at C$1.01.

Power Metals Trading Up 5.9 %

The company has a market cap of C$156.27 million, a P/E ratio of -179.70 and a beta of 0.83. The firm’s 50 day moving average price is C$0.51 and its 200-day moving average price is C$0.40.

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.

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