Clean Air Metals (CVE:AIR) Trading 25% Higher – Here’s What Happened
by Mitch Edgeman · The Markets DailyClean Air Metals Inc. (CVE:AIR – Get Free Report)’s share price 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 traded hands 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 Price Performance
The firm has a market capitalization of C$25.06 million, a P/E ratio of -9.00 and a beta of 2.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.49 and a current ratio of 1.23. The stock has a 50 day moving average of C$0.07 and a 200-day moving average of C$0.06.
Clean Air Metals Company Profile
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.