Clean Air Metals (CVE:AIR) Shares Up 12.5% – Still a Buy?

Shares of Clean Air Metals Inc. (CVE:AIR) rose 12.5% during trading on Monday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 169,570 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 145,096 shares. The stock had previously closed at C$0.04.

Clean Air Metals Stock Performance

The company has a fifty day moving average of C$0.05 and a two-hundred day moving average of C$0.06. 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 company has a market cap of C$10.45 million, a price-to-earnings ratio of -2.25 and a beta of 1.27.

Clean Air Metals Company Profile

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.