Purepoint Uranium Group (CVE:PTU) Stock Price Down 8.8% – Here’s Why

Purepoint Uranium Group Inc. (CVE:PTUGet Free Report) fell 8.8% on Monday . The stock traded as low as C$0.52 and last traded at C$0.52. 51,660 shares changed hands during trading, a decline of 47% from the average session volume of 97,814 shares. The stock had previously closed at C$0.57.

Purepoint Uranium Group Stock Performance

The firm has a 50 day moving average of C$0.57 and a two-hundred day moving average of C$0.41. The stock has a market cap of C$35.82 million, a PE ratio of -8.67 and a beta of 1.18. The company has a debt-to-equity ratio of 131.72, a current ratio of 1.01 and a quick ratio of 9.30.

Purepoint Uranium Group Company Profile

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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.

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