Clean Air Metals (CVE:AIR) Stock Price Down 16.7% – Here’s Why

Clean Air Metals Inc. (CVE:AIR)’s stock price dropped 16.7% on Thursday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 3,075,906 shares were traded during mid-day trading, an increase of 433% from the average daily volume of 576,570 shares. The stock had previously closed at C$0.06.

Clean Air Metals Price Performance

The stock has a 50-day moving average of C$0.07 and a two-hundred day moving average of C$0.05. The firm has a market cap of C$12.53 million, a price-to-earnings ratio of -9.00 and a beta of 2.61. The company has a current ratio of 1.23, a quick ratio of 2.49 and a debt-to-equity ratio of 0.01.

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.