Power Metals (CVE:PWM) Hits New 12-Month Low – Here’s Why

Power Metals Corp. (CVE:PWM – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as C$0.38 and last traded at C$0.38, with a volume of 110,135 shares traded. The stock had previously closed at C$0.42.

Power Metals Stock Performance

The company’s 50-day moving average price is C$0.45 and its two-hundred day moving average price is C$0.56. The company has a market capitalization of C$66.43 million, a price-to-earnings ratio of -4.22 and a beta of -0.59. The company has a debt-to-equity ratio of 5.13, a current ratio of 0.04 and a quick ratio of 1.80.

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. 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.

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