Clean Air Metals (CVE:AIR) Shares Up 25% – Here’s Why

Clean Air Metals Inc. (CVE:AIR)’s stock price shot up 25% during mid-day trading on Friday . The company traded as high as C$0.07 and last traded at C$0.07. 564,516 shares were traded during mid-day trading, an increase of 55% from the average daily volume of 363,245 shares. The stock had previously closed at C$0.06.

Clean Air Metals Trading Up 16.7%

The company has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.23 and a quick ratio of 2.49. The company has a market capitalization of C$17.54 million, a P/E ratio of -7.00 and a beta of 3.52.

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.