Pure Energy Minerals (CVE:PE) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Pure Energy Minerals Limited (CVE:PEGet Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.30 and traded as low as C$0.29. Pure Energy Minerals shares last traded at C$0.29, with a volume of 1,000 shares.

Pure Energy Minerals Stock Down 10.9 %

The company has a market cap of C$9.68 million, a PE ratio of -14.25 and a beta of 0.89. The business has a 50-day simple moving average of C$0.30 and a 200-day simple moving average of C$0.30. The company has a quick ratio of 2.35, a current ratio of 7.70 and a debt-to-equity ratio of 2.52.

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

About Pure Energy Minerals

(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.

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