Pure Energy Minerals (CVE:PE) Stock Price Up 6.9% – Time to Buy?

Pure Energy Minerals Limited (CVE:PE)’s share price rose 6.9% on Friday . The stock traded as high as C$0.32 and last traded at C$0.31. Approximately 33,129 shares changed hands during mid-day trading, an increase of 172% from the average daily volume of 12,177 shares. The stock had previously closed at C$0.29.

Pure Energy Minerals Price Performance

The company has a quick ratio of 2.35, a current ratio of 7.70 and a debt-to-equity ratio of 2.52. The firm has a market capitalization of C$10.53 million, a price-to-earnings ratio of -15.50 and a beta of 0.89. The company has a fifty day moving average price of C$0.30 and a two-hundred day moving average price of C$0.31.

Pure Energy Minerals (CVE:PE) last announced its earnings results on Tuesday, October 22nd. The company reported C($0.01) EPS for the quarter. Pure Energy Minerals had a negative net margin of 138.43% and a negative return on equity of 2.11%. The business had revenue of C$0.14 million during the quarter.

About Pure Energy Minerals

Pure Energy Minerals Limited acquires, explores, and develops mineral properties. Its primary project is the Clayton Valley lithium brine project located in Clayton Valley, Esmeralda County, Nevada. The company was formerly known as Harmony Gold Corp. and changed its name to Pure Energy Minerals Limited in October 2012.