Clean Air Metals (CVE:AIR) Shares Down 16.7% – Should You Sell?

Clean Air Metals Inc. (CVE:AIR)’s share price dropped 16.7% during trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 405,000 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 390,974 shares. The stock had previously closed at C$0.06.

Clean Air Metals Trading Down 8.3%

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 50-day simple moving average of C$0.06 and a 200 day simple moving average of C$0.08. The firm has a market cap of C$13.78 million, a PE ratio of -9.00 and a beta of 3.53.

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.