Opawica Explorations (CVE:OPW) Shares Up 16.7% – Should You Buy?

Opawica Explorations Inc. (CVE:OPW)’s stock price rose 16.7% during trading on Wednesday . The stock traded as high as C$0.14 and last traded at C$0.14. Approximately 101,659 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 88,154 shares. The stock had previously closed at C$0.12.

Opawica Explorations Price Performance

The company has a market capitalization of C$5.51 million, a P/E ratio of -1.58 and a beta of -0.81. The stock’s 50 day moving average is C$0.10 and its 200-day moving average is C$0.09.

About Opawica Explorations

Opawica Explorations Inc engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for gold and base metal deposits. The company holds 100% interests in the Arrowhead and Bazooka East claims located in northern Quebec, Canada; and the Bazooka west property, which comprises 24 mineral claims located in Beauchastel Township, Quebec. It also holds 100% interests in the Cornwall Property located in British Columbia. The company was incorporated in 1975 and is based in Vancouver, Canada.