Purepoint Uranium Group (CVE:PTU) Stock Falls 14.8% – Here’s Why

Purepoint Uranium Group Inc. (CVE:PTU – Get Free Report) shares traded down 14.8% during mid-day trading on Wednesday. The stock traded as low as C$0.26 and last traded at C$0.26. Approximately 115,108 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 110,634 shares. The stock had previously closed at C$0.30.

Purepoint Uranium Group Stock Up 5.4%

The business has a fifty day moving average price of C$0.34 and a two-hundred day moving average price of C$0.37. The firm has a market cap of C$23.42 million, a PE ratio of -2.46 and a beta of 0.70. The company has a debt-to-equity ratio of 16.37, a current ratio of 3.81 and a quick ratio of 9.30.

About Purepoint Uranium Group

(Get Free Report)

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.

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