Clean Air Metals (CVE:AIR) Trading Up 11.1% – Should You Buy?

Clean Air Metals Inc. (CVE:AIR) shares rose 11.1% during mid-day trading on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 117,664 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 339,980 shares. The stock had previously closed at C$0.04.

Clean Air Metals Stock Performance

The company has a current ratio of 1.23, a quick ratio of 2.49 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of C$12.53 million, a price-to-earnings ratio of -5.00 and a beta of 3.56. The firm’s fifty day moving average price is C$0.06 and its 200 day moving average price is C$0.07.

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.