Pure Energy Minerals (CVE:PE) Shares Cross Below Fifty Day Moving Average – Here’s Why

Pure Energy Minerals Limited (CVE:PEGet Free Report)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.29 and traded as low as C$0.26. Pure Energy Minerals shares last traded at C$0.27, with a volume of 11,000 shares changing hands.

Pure Energy Minerals Stock Down 3.6 %

The firm has a market capitalization of C$9.17 million, a price-to-earnings ratio of -13.50 and a beta of 0.89. The firm has a fifty day moving average price of C$0.29 and a 200 day moving average price of C$0.30. The company has a current ratio of 7.70, a quick ratio of 2.35 and a debt-to-equity ratio of 2.52.

Pure Energy Minerals (CVE:PEGet Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported C($0.01) EPS for the quarter. The business had revenue of C$0.14 million during the quarter. Pure Energy Minerals had a negative return on equity of 2.11% and a negative net margin of 138.43%.

Pure Energy Minerals Company Profile

(Get Free Report)

Pure Energy Minerals Limited acquires, explores, and develops mineral properties. Its primary project is the Clayton Valley lithium brine project located in Clayton Valley, Esmeralda County, Nevada. The company was formerly known as Harmony Gold Corp. and changed its name to Pure Energy Minerals Limited in October 2012.

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