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Power Metals Corp V.PWM

Alternate Symbol(s):  PWRMF

Power Metals Corp. is a Canada-based diversified mining company. The principal business of the Company is the acquisition, exploration and evaluation of resource properties. Its exploration project includes Case Lake property. Case Lake Property is located in Steele and Case townships, 80 km east of Cochrane, NE Ontario, close to the Ontario-Quebec border. The Case Lake pegmatite swarm consists of six spodumene dykes: North, Main, South, East and Northeast Dykes on the Henry Dome and the West Joe Dyke on a new tonalite dome. The Case Lake Property is 10 km x 9.5 km in size and consists of 475 cell claims. The Case Lake pegmatite swarm occurs along a sub provincial boundary between the metasedimentary Opatica Sub province to the north and greenstone Abitibi Sub province to the south. The Company has staked the Pelletier Project consisting of approximately 337 mineral claims that account for total surface area of 7000 hectares in northeast Ontario , approximately 50 km south of Hearst .


TSXV:PWM - Post by User

Bullboard Posts
Comment by juliio101on May 09, 2020 12:57am
147 Views
Post# 31006241

RE:Volume...

RE:Volume...
It means that fewer people are day trading it. It could also mean that fewer new investors are jumping on board as well. It's also kind of a good sign because all those millions of trades that happen last week or the week before are not being traded. They are holding their positions waiting for something to happen. Due to everyone holding its causing not only the low volume but it's also whats causing the price to not go down by much. There are still peole who want to buy not not as many peope selling it therefore causing little gains even in low volume days. The change in % is the last executed trade so even if 1 trade happens all day and that is for 1$ then technically the stock went up 120%. Anyway, people are patiently holding expecting something big to happen. That being said, all feelings aside, in my experiences, you have to also be very careful because this stock is also set up for disaster. People have high expectations for this stock and some are more optimistic than others. Optimism doesn't pay in this game. When good news comes out, eventhough good, if it doesn't meet the extremely high expectations of those people, they will sell causing the stock to crush. "BECAUSE THE GOOD NEWS WEREN'T AS GOOD". Hope this helps and good luck!
Bullboard Posts