Purepoint Uranium Group (CVE:PTU) Sets New 52-Week Low – Here’s Why

Shares of Purepoint Uranium Group Inc. (CVE:PTU – Get Free Report) reached a new 52-week low on Tuesday. The stock traded as low as C$0.30 and last traded at C$0.30, with a volume of 18159 shares. The stock had previously closed at C$0.31.

Purepoint Uranium Group Trading Down 4.9%

The business has a 50 day simple moving average of C$0.34 and a 200-day simple moving average of C$0.38. The stock has a market capitalization of C$23.02 million, a price-to-earnings ratio of -2.42 and a beta of 0.70. The company has a debt-to-equity ratio of 16.37, a current ratio of 3.81 and a quick ratio of 9.30.

Purepoint Uranium Group Company Profile

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Purepoint Uranium Group Inc, a uranium exploration company, engages in the acquisition, exploration, and development of uranium properties in Canada. Its flagship project is the Hook Lake uranium project that consists of 9 claims covers an area of 28,598 hectares located in the Athabasca Basin, Northern Saskatchewan. The company also holds interest in the Smart Lake, Red Willow, Turnor Lake, Henday, Umfreville, Carson Lake, Russell South, Tabbernor Block, and other projects. Purepoint Uranium Group Inc was founded in 2002 and is headquartered in Toronto, Canada.

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