Purepoint Uranium Group (CVE:PTU) Shares Down 5.7% – Here’s Why

Purepoint Uranium Group Inc. (CVE:PTUGet Free Report) was down 5.7% on Tuesday . The stock traded as low as C$0.33 and last traded at C$0.33. Approximately 85,155 shares were traded during trading, a decline of 38% from the average session volume of 137,025 shares. The stock had previously closed at C$0.35.

Purepoint Uranium Group Stock Performance

The company has a quick ratio of 9.30, a current ratio of 4.26 and a debt-to-equity ratio of 12.75. The firm has a market cap of C$26.19 million, a P/E ratio of -2.75 and a beta of 0.22. The business has a fifty day simple moving average of C$0.40 and a 200-day simple moving average of C$0.46.

Purepoint Uranium Group Company Profile

(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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