Clean Air Metals (CVE:AIR) Trading Down 10% – Time to Sell?

Clean Air Metals Inc. (CVE:AIR)’s share price dropped 10% on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 399,800 shares changed hands during mid-day trading, an increase of 171% from the average daily volume of 147,616 shares. The stock had previously closed at C$0.05.

Clean Air Metals Stock Performance

The firm’s 50 day moving average price is C$0.05 and its two-hundred day moving average price is C$0.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.49 and a current ratio of 1.23. The firm has a market cap of C$9.29 million, a PE ratio of -2.00 and a beta of 1.27.

About Clean Air Metals

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.