Purepoint Uranium Group (CVE:PTU) Sets New 1-Year High - Time to Buy?

Key Points

• Purepoint Uranium Group Inc. (CVE:PTU) reached a new 52-week high of C$0.82, reflecting a significant increase in stock performance.
• The company has a market capitalization of C$55.11 million and a debt-to-equity ratio of 131.72, indicating financial leverage.
• Purepoint is focused on uranium exploration in Canada, with its flagship Hook Lake project covering 28,598 hectares in the Athabasca Basin.

Purepoint Uranium Group Inc. (CVE:PTU - ) hit a new 52-week high on Tuesday . The stock traded as high as C$0.82 and last traded at C$0.80, with a volume of 243798 shares changing hands. The stock had previously closed at C$0.76.

Purepoint Uranium Group Price Performance

The stock has a market capitalization of C$55.11 million, a price-to-earnings ratio of -13.33 and a beta of 1.16. The company has a debt-to-equity ratio of 131.72, a quick ratio of 9.30 and a current ratio of 1.01. The company has a fifty day simple moving average of C$0.50 and a two-hundred day simple moving average of C$0.36.

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.

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