Pure Energy Minerals (CVE:PE) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Pure Energy Minerals Limited (CVE:PE) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.24 and traded as low as C$0.23. Pure Energy Minerals shares last traded at C$0.23, with a volume of 15,500 shares traded.

Pure Energy Minerals Stock Performance

The business’s 50 day moving average price is C$0.24 and its two-hundred day moving average price is C$0.28. The company has a market capitalization of C$7.47 million, a price-to-earnings ratio of -7.93 and a beta of 0.89.

Pure Energy Minerals Company Profile

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.