Purepoint Uranium Group (CVE:PTU) Stock Price Up 8.5% – Still a Buy?

Purepoint Uranium Group Inc. (CVE:PTUGet Free Report)’s stock price shot up 8.5% on Thursday . The company traded as high as C$0.27 and last traded at C$0.26. 105,664 shares changed hands during trading, an increase of 120% from the average session volume of 48,118 shares. The stock had previously closed at C$0.24.

Purepoint Uranium Group Price Performance

The stock’s 50-day simple moving average is C$0.24 and its two-hundred day simple moving average is C$0.10. The company has a market capitalization of C$127.70 million, a price-to-earnings ratio of -25.50 and a beta of 1.68. The company has a quick ratio of 9.30, a current ratio of 2.65 and a debt-to-equity ratio of 6.91.

Purepoint Uranium Group Company Profile

(Get Free Report)

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.

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