Clean Air Metals (CVE:AIR) Trading Down 10% – Here’s What Happened

Clean Air Metals Inc. (CVE:AIR) shares traded down 10% during mid-day trading on Tuesday . The stock traded as low as C$0.05 and last traded at C$0.05. 610,500 shares changed hands during mid-day trading, an increase of 312% from the average session volume of 148,088 shares. The stock had previously closed at C$0.05.

Clean Air Metals Stock Performance

The company has a 50 day moving average price of C$0.05 and a 200-day moving average price of C$0.06. The company has a current ratio of 1.23, a quick ratio of 2.49 and a debt-to-equity ratio of 0.01. The company has a market cap of C$10.45 million, a P/E ratio of -2.25 and a beta of 1.27.

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.