Q: Do you have any updated information on Power Metals? Is it ready for a move ?
5i Research Answer:
PWM is up 59% YTD, bringing market cap to a still-tiny $60M. Insiders own 2%, Winsome Resources owns 9.9%. It has $4M cash. It has several development projects on the go and has an active drilling program in place. The stock is going to move primarily with drilling results and the sector (mostly lithium). It has some good qualities but we would consider it too risky for a general endorsement.