Clean Air Metals (CVE:AIR) Trading 20% Higher – Should You Buy?

Clean Air Metals Inc. (CVE:AIR)’s share price traded up 20% during mid-day trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.06. 3,833,948 shares traded hands during trading, an increase of 660% from the average session volume of 504,369 shares. The stock had previously closed at C$0.05.

Clean Air Metals Stock Performance

The company has a market cap of C$15.03 million, a price-to-earnings ratio of -6.00 and a beta of 1.47. 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 stock has a 50-day moving average price of C$0.05 and a 200 day moving average price of C$0.05.

Clean Air Metals Company Profile

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.