Clean Air Metals (CVE:AIR) Trading 25% Higher – Time to Buy?

by · The Markets Daily

Shares of Clean Air Metals Inc. (CVE:AIR – Get Free Report) rose 25% during trading on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 1,711,147 shares were traded during mid-day trading, an increase of 207% from the average daily volume of 556,709 shares. The stock had previously closed at C$0.08.

Clean Air Metals Trading Up 25.0%

The company has a quick ratio of 2.49, a current ratio of 1.23 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average price is C$0.07 and its two-hundred day moving average price is C$0.06. The firm has a market cap of C$25.06 million, a PE ratio of -9.00 and a beta of 2.74.

Clean Air Metals Company Profile

(Get Free Report)

Clean Air Metals Inc, an exploration company, engages in the identification, acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for platinum, palladium, copper, and nickel deposits. Its flagship properties are the Thunder Bay North Critical Minerals Project that comprises of three separate claim blocks which includes the Thunder Bay North Property consists of 300 unpatented claims covering an approximately area of 29,725 hectares; the Escape Lake Property consists of 20 unpatented claims with an area of 561.3 hectares; and the Escape North Property consists of 24 unpatented claims with an area of 1722 hectares located in Ontario, Canada.

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