Clean Air Metals (CVE:AIR) Shares Up 33.3% – Time to Buy?

Clean Air Metals Inc. (CVE:AIR) shares rose 33.3% on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 2,135,010 shares were traded during mid-day trading, an increase of 286% from the average daily volume of 553,592 shares. The stock had previously closed at C$0.06.

Clean Air Metals Trading Down 12.5%

The company has a market cap of C$17.54 million, a P/E ratio of -9.00 and a beta of 2.74. The company has a quick ratio of 2.49, a current ratio of 1.23 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is C$0.07 and its 200-day moving average price is C$0.06.

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.