Clean Air Metals (CVE:AIR) Shares Up 33.3% – Should You Buy?

Clean Air Metals Inc. (CVE:AIR) shares shot up 33.3% during mid-day trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. 2,135,010 shares traded hands during mid-day trading, an increase of 286% from the average session volume of 553,592 shares. The stock had previously closed at C$0.06.

Clean Air Metals Price Performance

The stock’s 50-day simple moving average is C$0.07 and its 200 day simple moving average is C$0.06. The company has a quick ratio of 2.49, a current ratio of 1.23 and a debt-to-equity ratio of 0.01. The company has a market cap of C$17.54 million, a price-to-earnings ratio of -9.00 and a beta of 2.74.

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.