Purepoint Uranium Group (CVE:PTU) Shares Down 1% – Here’s Why

Purepoint Uranium Group Inc. (CVE:PTU)’s stock price was down 1% during mid-day trading on Tuesday . The stock traded as low as C$0.47 and last traded at C$0.49. Approximately 517,784 shares traded hands during mid-day trading, an increase of 125% from the average daily volume of 230,599 shares. The stock had previously closed at C$0.50.

Purepoint Uranium Group Stock Down 1.0%

The company has a fifty day moving average of C$0.48 and a two-hundred day moving average of C$0.50. The company has a market cap of C$38.80 million, a PE ratio of -6.13 and a beta of 0.89. The company has a debt-to-equity ratio of 131.72, a quick ratio of 9.30 and a current ratio of 1.01.

Purepoint Uranium Group Company Profile

Purepoint Uranium Group Inc, a uranium exploration company, engages in the acquisition, exploration, and development of uranium properties in Canada. Its flagship project is the Hook Lake uranium project that consists of 9 claims covers an area of 28,598 hectares located in the Athabasca Basin, Northern Saskatchewan. The company also holds interest in the Smart Lake, Red Willow, Turnor Lake, Henday, Umfreville, Carson Lake, Russell South, Tabbernor Block, and other projects. Purepoint Uranium Group Inc was founded in 2002 and is headquartered in Toronto, Canada.