Clean Air Metals (CVE:AIR) Trading Down 10% – Time to Sell?

Clean Air Metals Inc. (CVE:AIR)’s share price traded down 10% on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 258,000 shares changed hands during trading, a decline of 26% from the average daily volume of 347,108 shares. The stock had previously closed at C$0.05.

Clean Air Metals Stock Down 10.0%

The business has a 50-day moving average of C$0.06 and a 200 day moving average of C$0.07. The company has a market capitalization of C$11.28 million, a PE ratio of -4.50 and a beta of 3.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.23 and a quick ratio of 2.49.

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.