Clean Air Metals (CVE:AIR) Trading Down 10% – Here’s What Happened

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

Clean Air Metals Stock Performance

The firm has a 50-day moving average of C$0.05 and a 200 day moving average of C$0.06. The company has a current ratio of 1.23, a quick ratio of 2.49 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of C$11.61 million, a price-to-earnings ratio of -2.50 and a beta of 1.27.

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.