Clean Air Metals (CVE:AIR) Trading 20% Higher – Still a Buy?

Clean Air Metals Inc. (CVE:AIR)’s share price shot up 20% during mid-day trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. 929,514 shares traded hands during trading, an increase of 135% from the average session volume of 396,036 shares. The stock had previously closed at C$0.05.

Clean Air Metals Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.49 and a current ratio of 1.23. The business’s 50 day simple moving average is C$0.06 and its 200-day simple moving average is C$0.08. The stock has a market capitalization of C$15.03 million, a price-to-earnings ratio of -9.00 and a beta of 3.49.

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.