Plateau Energy Metals Inc (CVE:PLU) shares hit a new 52-week low during trading on Friday . The company traded as low as C$0.23 and last traded at C$0.23, with a volume of 12950 shares traded. The stock had previously closed at C$0.24.
Separately, Echelon Wealth Partners restated a “speculative buy” rating on shares of Plateau Energy Metals in a research report on Friday, July 12th.
The firm has a 50-day moving average of C$0.26 and a 200-day moving average of C$0.45. The stock has a market cap of $20.53 million and a PE ratio of -1.89.
Plateau Energy Metals (CVE:PLU) last released its earnings results on Thursday, August 22nd. The company reported C($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.02). On average, sell-side analysts expect that Plateau Energy Metals Inc will post -0.07 earnings per share for the current fiscal year.
In related news, insider Robert Disbrow sold 100,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$0.26, for a total transaction of C$26,000.00. Following the completion of the sale, the insider now owns 6,694,164 shares in the company, valued at C$1,740,482.64. Insiders have sold 119,390 shares of company stock valued at $31,115 in the last quarter.
About Plateau Energy Metals (CVE:PLU)
Plateau Energy Metals Inc, a junior resource company, acquires, explores for, and evaluates mineral resource properties in Peru. The company explores for lithium and uranium deposits. It holds interests in 149 mining concessions covering approximately 91,000 hectares on the Macusani Plateau in southeastern Peru.
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