Purepoint Uranium Group (CVE:PTU) Trading Up 8.5% – Should You Buy?

Purepoint Uranium Group Inc. (CVE:PTUGet Free Report) shares traded up 8.5% on Thursday . The stock traded as high as C$0.27 and last traded at C$0.26. 105,664 shares traded hands during trading, an increase of 120% from the average session volume of 48,118 shares. The stock had previously closed at C$0.24.

Purepoint Uranium Group Stock Performance

The company has a market capitalization of C$132.70 million, a price-to-earnings ratio of -26.50 and a beta of 1.68. The company has a current ratio of 2.65, a quick ratio of 9.30 and a debt-to-equity ratio of 6.91. The stock’s fifty day simple moving average is C$0.25 and its 200-day simple moving average is C$0.10.

About Purepoint Uranium Group

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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.

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