Pure Energy Minerals (CVE:PE) Trading Up 6.9% – Should You Buy?

Pure Energy Minerals Limited (CVE:PE)’s stock price shot up 6.9% during mid-day trading on Friday . The stock traded as high as C$0.32 and last traded at C$0.31. 33,129 shares were traded during mid-day trading, an increase of 172% from the average session volume of 12,177 shares. The stock had previously closed at C$0.29.

Pure Energy Minerals Price Performance

The business has a fifty day moving average of C$0.30 and a 200 day moving average of C$0.31. The company has a debt-to-equity ratio of 2.52, a current ratio of 7.70 and a quick ratio of 2.35. The stock has a market cap of C$10.53 million, a PE ratio of -15.50 and a beta of 0.89.

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

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.