Clean Air Metals (CVE:AIR) Shares Down 8.3%

Clean Air Metals Inc. (CVE:AIR) dropped 8.3% during mid-day trading on Friday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 319,939 shares traded hands during mid-day trading, an increase of 151% from the average daily volume of 127,697 shares. The stock had previously closed at C$0.06.

Clean Air Metals Stock Down 8.3 %

The company has a market cap of C$12.32 million, a PE ratio of -2.75 and a beta of 0.87. The company has a quick ratio of 2.49, a current ratio of 40.91 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is C$0.05 and its 200-day simple moving average is C$0.05.

About Clean Air Metals

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.