Purepoint Uranium Group (CVE:PTU) Trading 3% Higher – Should You Buy?

Purepoint Uranium Group Inc. (CVE:PTU) shares shot up 3% during trading on Tuesday . The company traded as high as C$0.54 and last traded at C$0.51. 169,505 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 213,533 shares. The stock had previously closed at C$0.50.

Purepoint Uranium Group Stock Down 2.0%

The firm has a market cap of C$39.60 million, a P/E ratio of -6.25 and a beta of 0.92. The firm’s fifty day moving average is C$0.54 and its 200 day moving average is C$0.53. The company has a debt-to-equity ratio of 131.72, a quick ratio of 9.30 and a current ratio of 1.01.

Purepoint Uranium Group Company Profile

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.