Clean Air Metals (CVE:AIR) Trading Up 11.1% – Here’s Why

Clean Air Metals Inc. (CVE:AIR) rose 11.1% during trading on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. 117,664 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 339,980 shares. The stock had previously closed at C$0.04.

Clean Air Metals Stock Up 11.1%

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 stock has a market cap of C$12.53 million, a price-to-earnings ratio of -5.00 and a beta of 3.56. The business’s fifty day moving average is C$0.06 and its two-hundred day moving average is C$0.07.

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.