Purepoint Uranium Group (PTU) Shares Down 10.5%

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Purepoint Uranium Group Inc. (CVE:PTU) shares fell 10.5% during trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09. 175,000 shares traded hands during trading, a decline of 60% from the average session volume of 436,505 shares. The stock had previously closed at C$0.10.

The company has a market capitalization of $19.31 million and a P/E ratio of -11.88.

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About Purepoint Uranium Group (CVE:PTU)

Purepoint Uranium Group Inc, a uranium exploration company, engages in the acquisition, exploration, and development of properties for producing uranium in Canada. The company has interests in Hook Lake, Smart Lake, Red Willow, Turnor Lake, Umfreville, Henday Lake, McArthur East, Rene Lake, Shearwater, and Langley Lake properties, which are located at the Athabasca Basin, Northern Saskatchewan.

Further Reading: Sell-Side Analysts

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