Clean Air Metals (CVE:AIR) Shares Up 37.5% – Time to Buy?

Clean Air Metals Inc. (CVE:AIR) shares shot up 37.5% during trading on Saturday . The stock traded as high as C$0.06 and last traded at C$0.06. 3,217,085 shares were traded during trading, an increase of 681% from the average session volume of 412,004 shares. The stock had previously closed at C$0.04.

Clean Air Metals Trading Up 37.5%

The firm has a market capitalization of C$12.77 million, a price-to-earnings ratio of -2.75 and a beta of 1.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.23 and a quick ratio of 2.49. The firm’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.05.

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.