Purepoint Uranium Group (CVE:PTU) Stock Price Up 12.5% – Should You Buy?

Purepoint Uranium Group Inc. (CVE:PTU)’s share price rose 12.5% during trading on Friday . The stock traded as high as C$0.27 and last traded at C$0.27. Approximately 163,026 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 543,330 shares. The stock had previously closed at C$0.24.

Purepoint Uranium Group Trading Up 20.8 %

The firm has a market cap of C$145.22 million, a price-to-earnings ratio of -29.00 and a beta of 1.68. The company has a 50-day moving average price of C$0.04 and a 200 day moving average price of C$0.03. The company has a quick ratio of 9.30, a current ratio of 2.65 and a debt-to-equity ratio of 6.91.

Purepoint Uranium Group (CVE:PTU) last issued its earnings results on Thursday, August 29th. The company reported C($0.01) EPS for the quarter.

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.