Purepoint Uranium Group (CVE:PTU) Shares Up 3% – Time to Buy?

Purepoint Uranium Group Inc. (CVE:PTU) shares rose 3% during mid-day trading on Tuesday . The stock traded as high as C$0.54 and last traded at C$0.51. Approximately 169,505 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 213,533 shares. The stock had previously closed at C$0.50.

Purepoint Uranium Group Stock Up 3.0%

The stock has a fifty day moving average of C$0.53 and a 200-day moving average of C$0.53. The firm has a market capitalization of C$40.39 million, a price-to-earnings ratio of -6.38 and a beta of 0.92. The company has a current ratio of 1.01, a quick ratio of 9.30 and a debt-to-equity ratio of 131.72.

Purepoint Uranium Group Company Profile

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.