Clean Air Metals (CVE:AIR) Stock Falls 15.4% – Should You Sell?

Clean Air Metals Inc. (CVE:AIR)’s stock price was down 15.4% during mid-day trading on Wednesday. The company traded as low as C$0.06 and last traded at C$0.06. 3,403,862 shares traded hands during mid-day trading, an increase of 780% from the average daily volume of 386,737 shares. The stock had previously closed at C$0.07.

Clean Air Metals Price Performance

The business has a 50-day moving average price of C$0.06 and a 200 day moving average price 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$13.78 million, a P/E ratio of -5.50 and a beta of 3.51.

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.