Clean Air Metals (CVE:AIR) Shares Down 9.1% – Should You Sell?

Clean Air Metals Inc. (CVE:AIR) shares were down 9.1% during trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 161,677 shares traded hands during mid-day trading, an increase of 147% from the average daily volume of 65,500 shares. The stock had previously closed at C$0.06.

Clean Air Metals Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.49 and a current ratio of 1.23. The firm has a market capitalization of C$12.77 million, a P/E ratio of -2.75 and a beta of 1.27. The stock has a fifty day moving average price of C$0.06 and a two-hundred day moving average price of C$0.05.

Clean Air Metals (CVE:AIR) last released its earnings results on Monday, September 30th. The company reported C($0.01) earnings per share for the quarter. Research analysts forecast that Clean Air Metals Inc. will post -0.1 EPS for the current year.

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.