Purepoint Uranium Group (CVE:PTU) Shares Down 2.1% – What’s Next?

Shares of Purepoint Uranium Group Inc. (CVE:PTU) dropped 2.1% during mid-day trading on Tuesday . The company traded as low as C$0.46 and last traded at C$0.46. Approximately 50,003 shares changed hands during trading, a decline of 51% from the average daily volume of 101,132 shares. The stock had previously closed at C$0.47.

Purepoint Uranium Group Price Performance

The business has a fifty day moving average price of C$0.54 and a 200 day moving average price of C$0.47. The company has a debt-to-equity ratio of 131.72, a current ratio of 1.01 and a quick ratio of 9.30. The company has a market capitalization of C$31.69 million, a price-to-earnings ratio of -5.75 and a beta of 1.10.

About Purepoint Uranium Group

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.