Clean Air Metals (CVE:AIR) Stock Price Down 10% – Here’s Why

Clean Air Metals Inc. (CVE:AIR)’s stock price dropped 10% during trading on Thursday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 399,800 shares traded hands during trading, an increase of 171% from the average daily volume of 147,616 shares. The stock had previously closed at C$0.05.

Clean Air Metals Trading Down 11.1 %

The business has a fifty day simple moving average of C$0.05 and a 200 day simple moving average of C$0.06. The stock has a market cap of C$9.29 million, a price-to-earnings ratio of -2.00 and a beta of 1.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.49 and a current ratio of 1.23.

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.