Clean Air Metals (CVE:AIR) Shares Up 12.5% – Here’s What Happened

Shares of Clean Air Metals Inc. (CVE:AIR) rose 12.5% during trading on Monday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 169,570 shares were traded during 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 business’s 50 day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.06. The firm has a market capitalization of C$10.45 million, a P/E ratio of -2.25 and a beta of 1.27. The company has a current ratio of 1.23, a quick ratio of 2.49 and a debt-to-equity ratio of 0.01.

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.