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

Shares of Clean Air Metals Inc. (CVE:AIR) rose 25% during mid-day trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 2,023,670 shares were traded during trading, an increase of 342% from the average daily volume of 458,231 shares. The stock had previously closed at C$0.04.

Clean Air Metals Stock Performance

The firm has a market cap of C$11.28 million, a P/E ratio of -4.50 and a beta of 1.58. 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’s 50-day moving average is C$0.05 and its two-hundred day moving average is C$0.05.

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.