Power Metals Corp (CVE:PWM) dropped 20% during trading on Tuesday . The stock traded as low as C$0.06 and last traded at C$0.06, approximately 22,000 shares changed hands during mid-day trading. A decline of 81% from the average daily volume of 112,908 shares. The stock had previously closed at C$0.08.
The company has a market cap of $6.14 million and a price-to-earnings ratio of -1.76. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.25 and a current ratio of 0.36. The firm has a fifty day moving average price of C$0.07 and a 200 day moving average price of C$0.09.
About Power Metals (CVE:PWM)
Power Metals Corp. engages in the acquisition, exploration, and evaluation of resource properties in Canada. The company holds 100% interests in the Case Lake property located in north east Ontario. It also has agreements to acquire lithium brine permit portfolios, including Drumheller and Peace River, and Leduc Lithium Property located in Alberta; and the Separation Lake and Gullwing-Tot properties located in northwestern Ontario, as well as agreement to explore and develop lithium brines in Paradox Basin project.
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