Purepoint Uranium Group (CVE:PTU) Hits New 52-Week Low – Here’s Why

Shares of Purepoint Uranium Group Inc. (CVE:PTU – Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as C$0.31 and last traded at C$0.33, with a volume of 20154 shares trading hands. The stock had previously closed at C$0.33.

Purepoint Uranium Group Trading Down 1.5%

The company has a debt-to-equity ratio of 12.75, a quick ratio of 9.30 and a current ratio of 4.26. The company’s fifty day simple moving average is C$0.36 and its 200-day simple moving average is C$0.45. The company has a market capitalization of C$25.80 million, a P/E ratio of -2.71 and a beta of 0.31.

About Purepoint Uranium Group

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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.

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