Power Metals Corp. - PWM / PWRMF, NAM Update

 

We mentioned our holding a position in Power MetalsCorp. - ticker PGM in Canada and PWRMF in the U.S. - in early November 2018 when it traded at $0.23 

 

It's since gone as high as $0.53 and is now at $0.39 and looking like it'll break a major down trend:

We remain bullish on Power Metals Corp.

 

It's at a reasonable entry point in our estimation, in a hot sector with the potential to apprecaite considerably in the coming days or weeks if the general stock mania currently in evidence persists.

 

We don't suggest a stop at this time. 

 

 

An update on our position in New Age Metals (ticker NAM in Canada and NMTLF in the U.S.) - was posted January 14.   

 

It was at $0.09 CAD and we wrote that "if it hits the high teens, we're likely to sell at least half and if so we'll post an update to that effect."

 

Within a week it went as much as 77% higher, to $0.16, however our full position remains intact. 

 

Now back down to $0.11 it's run may be over, or it may be consolidating before another move much higher.

 

If it does approach $0.20 again, we still plan to sell at least half.

   

 



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