Pure Energy Minerals (CVE:PE) Stock Passes Below 50 Day Moving Average – Should You Sell?

Pure Energy Minerals Limited (CVE:PEGet Free Report)’s share 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.

Pure Energy Minerals Stock Down 3.6 %

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

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

About Pure Energy Minerals

(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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