Purepoint Uranium Group (CVE:PTU) Stock Price Down 1.5% – Should You Sell?

Purepoint Uranium Group Inc. (CVE:PTU) shares dropped 1.5% during mid-day trading on Monday . The company traded as low as C$0.33 and last traded at C$0.34. 76,720 shares were traded during trading, a decline of 36% from the average session volume of 119,476 shares. The stock had previously closed at C$0.34.

Purepoint Uranium Group Stock Down 3.0%

The company has a 50-day simple moving average of C$0.33 and a 200 day simple moving average of C$0.42. The company has a market cap of C$25.80 million, a P/E ratio of -2.71 and a beta of 0.35. The company has a current ratio of 4.26, a quick ratio of 9.30 and a debt-to-equity ratio of 12.75.

Purepoint Uranium Group Company Profile

Purepoint Uranium Group Inc, a uranium exploration company, engages in the acquisition, exploration, and development of uranium properties in Canada. Its flagship project is the Hook Lake uranium project that consists of 9 claims covers an area of 28,598 hectares located in the Athabasca Basin, Northern Saskatchewan. The company also holds interest in the Smart Lake, Red Willow, Turnor Lake, Henday, Umfreville, Carson Lake, Russell South, Tabbernor Block, and other projects. Purepoint Uranium Group Inc was founded in 2002 and is headquartered in Toronto, Canada.