Clean Air Metals (CVE:AIR) Trading Down 9.1% – Here’s What Happened

Clean Air Metals Inc. (CVE:AIR)’s stock price fell 9.1% during mid-day trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.05. 161,677 shares were traded during mid-day trading, an increase of 147% from the average session volume of 65,500 shares. The stock had previously closed at C$0.06.

Clean Air Metals Price Performance

The stock has a market cap of C$12.77 million, a P/E ratio of -2.75 and a beta of 1.27. 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 stock’s 50-day moving average is C$0.06 and its 200-day moving average is C$0.05.

Clean Air Metals (CVE:AIR) last released its earnings results on Monday, September 30th. The company reported C($0.01) earnings per share for the quarter. As a group, research analysts anticipate that Clean Air Metals Inc. will post -0.1 earnings per share for the current fiscal year.

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.