Clean Air Metals (CVE:AIR) Stock Price Down 11.1% – Here’s What Happened

Clean Air Metals Inc. (CVE:AIR)’s stock price was down 11.1% during trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 2,494,996 shares changed hands during trading, an increase of 504% from the average daily volume of 413,271 shares. The stock had previously closed at C$0.05.

Clean Air Metals Price Performance

The company has a market capitalization of C$9.29 million, a P/E ratio of -2.00 and a beta of 1.27. The firm’s fifty day moving average is C$0.05 and its 200 day moving average is C$0.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.49 and a current ratio of 1.23.

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.