Clean Air Metals (CVE:AIR) Shares Down 10% – Here’s What Happened

Clean Air Metals Inc. (CVE:AIR) dropped 10% during trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. 1,673,500 shares were traded during trading, an increase of 379% from the average daily volume of 349,148 shares. The stock had previously closed at C$0.05.

Clean Air Metals Price Performance

The stock has a 50 day moving average of C$0.06 and a two-hundred day moving average of C$0.07. 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 firm has a market capitalization of C$12.53 million, a P/E ratio of -5.00 and a beta of 3.56.

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.