Clean Air Metals (CVE:AIR) Stock Price Up 25% – Should You Buy?

by · The Markets Daily

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

Clean Air Metals Stock Performance

The stock’s 50 day moving average is C$0.07 and its two-hundred day moving average is C$0.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.23 and a quick ratio of 2.49. The firm has a market capitalization of C$25.06 million, a P/E 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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