Clean Air Metals (CVE:AIR) Trading Down 2.7%

Clean Air Metals Inc. (CVE:AIRGet Rating)’s stock price dropped 2.7% during mid-day trading on Friday . The company traded as low as C$0.17 and last traded at C$0.18. Approximately 240,982 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 264,331 shares. The stock had previously closed at C$0.19.

Clean Air Metals Price Performance

The stock’s fifty day simple moving average is C$0.18 and its 200-day simple moving average is C$0.22. The company has a market capitalization of C$40.13 million and a P/E ratio of -13.85. The company has a debt-to-equity ratio of 6.44, a current ratio of 3.31 and a quick ratio of 3.19.

Clean Air Metals (CVE:AIRGet Rating) last posted its earnings results on Tuesday, May 31st. The company reported C($0.01) earnings per share for the quarter. On average, equities analysts forecast that Clean Air Metals Inc. will post -0.1 earnings per share for the current fiscal year.

Clean Air Metals Company Profile

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Clean Air Metals Inc, an exploration stage 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 property that consists of 219 unpatented mining claims covering an area of approximately 40,816 hectares; and the Escape Lake project, which consists of 20 unpatented claims covering an area of approximately 561.3 hectares located in the Thunder Bay region of Ontario.

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