Pure Energy Minerals (CVE:PE) Sets New 52-Week Low at $0.04

Pure Energy Minerals Ltd (CVE:PE) shares reached a new 52-week low during trading on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 210000 shares traded. The stock had previously closed at C$0.04.

The firm’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.07. The company has a market cap of $7.61 million and a P/E ratio of -5.00. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.56 and a current ratio of 1.63.

About Pure Energy Minerals (CVE:PE)

Pure Energy Minerals Limited engages in the acquisition, exploration, and development of mineral properties. The company's primary project is the Clayton Valley lithium brine project with 1,085 lithium placer claims covering approximately 10,600 hectares (ha) located in Clayton Valley, Esmeralda County, Nevada.

Further Reading: Leveraged Buyout (LBO) Explained

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