Purepoint Uranium Group (CVE:PTU) Trading 8.2% Higher – Here’s What Happened

Purepoint Uranium Group Inc. (CVE:PTU) shares traded up 8.2% on Tuesday . The company traded as high as C$0.67 and last traded at C$0.66. 557,099 shares traded hands during mid-day trading, an increase of 120% from the average session volume of 252,947 shares. The stock had previously closed at C$0.61.

Purepoint Uranium Group Price Performance

The company has a current ratio of 1.01, a quick ratio of 9.30 and a debt-to-equity ratio of 131.72. The business has a fifty day simple moving average of C$0.52 and a 200 day simple moving average of C$0.52. The stock has a market capitalization of C$52.27 million, a P/E ratio of -8.25 and a beta of 0.92.

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.