Pure Energy Minerals (CVE:PE) Shares Up 8.8% – Still a Buy?

Pure Energy Minerals Limited (CVE:PEGet Free Report) shot up 8.8% on Monday . The stock traded as high as C$0.31 and last traded at C$0.31. 8,365 shares traded hands during trading, a decline of 53% from the average session volume of 17,784 shares. The stock had previously closed at C$0.29.

Pure Energy Minerals Stock Performance

The firm’s 50 day simple moving average is C$0.26 and its 200-day simple moving average is C$0.23. The company has a market capitalization of C$10.53 million, a price-to-earnings ratio of -31.00 and a beta of -1.35.

Pure Energy Minerals Company Profile

(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. Pure Energy Minerals Limited is headquartered in Vancouver, Canada.

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