Clean Air Metals (CVE:AIR) Stock Price Down 11.1% – Should You Sell?

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

Clean Air Metals Price Performance

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’s 50-day moving average is C$0.05 and its 200-day moving average is C$0.05. The company has a market cap of C$9.29 million, a price-to-earnings ratio of -2.00 and a beta of 1.27.

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.