What’s Propelling Pure Energy Minerals Ltd to Decline So Much?


The stock of Pure Energy Minerals Ltd (CVE:PE) is a huge mover today! The stock decreased 4.82% or $0.04 on September 13, hitting $0.79. About 509,890 shares traded hands or 63.85% up from the average. Pure Energy Minerals Ltd (CVE:PE) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 7 months negative chart setup for the $52.96M company. It was reported on Sep, 13 by Barchart.com. We have $0.68 PT which if reached, will make CVE:PE worth $7.41M less.

Pure Energy Minerals Ltd is a Canada natural resource company. The company has a market cap of $52.96 million. The Firm is engaged in the acquisition, exploration and development of mineral properties. It currently has negative earnings. The Firm is an integrated exploration and processing developer with a focus on sustainable lifecycle solutions for lithium supply in North America.

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