Clean Air Metals (CVE:AIR) Hits New 52-Week High – Still a Buy?

Clean Air Metals Inc. (CVE:AIR) shares reached a new 52-week high during trading on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10, with a volume of 1311472 shares changing hands. The stock had previously closed at C$0.09.

Clean Air Metals Trading Up 5.9 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.23 and a quick ratio of 2.49. The stock has a 50-day moving average price of C$0.06 and a two-hundred day moving average price of C$0.05. The stock has a market cap of C$20.89 million, a PE ratio of -4.25 and a beta of 1.27.

Clean Air Metals (CVE:AIR) last released its quarterly earnings results on Monday, September 30th. The company reported C($0.01) earnings per share for the quarter. Sell-side analysts forecast that Clean Air Metals Inc. will post -0.1 earnings per share for the current fiscal year.

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.