Pure Energy Minerals (CVE:PE) Trading Down 1.7% – Should You Sell?

Shares of Pure Energy Minerals Limited (CVE:PEGet Free Report) traded down 1.7% during mid-day trading on Friday . The stock traded as low as C$0.30 and last traded at C$0.30. 7,301 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 11,383 shares. The stock had previously closed at C$0.30.

Pure Energy Minerals Stock Performance

The stock has a market cap of C$10.02 million, a price-to-earnings ratio of -14.75 and a beta of 0.89. The company has a debt-to-equity ratio of 2.52, a quick ratio of 2.35 and a current ratio of 7.70. The stock’s 50-day simple moving average is C$0.30 and its two-hundred day simple moving average is C$0.31.

Pure Energy Minerals (CVE:PEGet Free Report) last released its earnings results on Tuesday, October 22nd. The company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$0.14 million for the quarter. Pure Energy Minerals had a negative return on equity of 2.11% and a negative net margin of 138.43%.

About Pure Energy Minerals

(Get Free Report)

Pure Energy Minerals Limited acquires, explores, and develops mineral properties. Its primary project is the Clayton Valley lithium brine project located in Clayton Valley, Esmeralda County, Nevada. The company was formerly known as Harmony Gold Corp. and changed its name to Pure Energy Minerals Limited in October 2012.

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