Clean Air Metals (CVE:AIR) Shares Down 10% – Time to Sell?

Shares of Clean Air Metals Inc. (CVE:AIR) dropped 10% on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 1,673,500 shares changed hands during trading, an increase of 379% from the average daily volume of 349,148 shares. The stock had previously closed at C$0.05.

Clean Air Metals Stock Performance

The firm has a fifty day simple moving average of C$0.06 and a 200 day simple moving average of C$0.07. 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 has a market cap of C$12.53 million, a price-to-earnings ratio of -5.00 and a beta of 3.56.

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.