Purepoint Uranium Group (CVE:PTU) Stock Price Down 6.3% – Here’s Why

Purepoint Uranium Group Inc. (CVE:PTU)’s share price dropped 6.3% during mid-day trading on Tuesday . The stock traded as low as C$0.35 and last traded at C$0.38. Approximately 294,509 shares changed hands during trading, an increase of 101% from the average daily volume of 146,708 shares. The stock had previously closed at C$0.40.

Purepoint Uranium Group Price Performance

The stock has a market cap of C$29.77 million, a PE ratio of -3.13 and a beta of 0.22. The company has a current ratio of 4.26, a quick ratio of 9.30 and a debt-to-equity ratio of 12.75. The company’s 50 day moving average is C$0.43 and its 200-day moving average is C$0.48.

About Purepoint Uranium Group

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.