Pure Energy Minerals (OTCMKTS:PEMIF) Shares Pass Below 50-Day Moving Average – Here’s Why

Pure Energy Minerals Limited (OTCMKTS:PEMIF) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.21 and traded as low as $0.19. Pure Energy Minerals shares last traded at $0.19, with a volume of 26,692 shares trading hands.

Pure Energy Minerals Stock Performance

The stock has a fifty day simple moving average of $0.21 and a 200 day simple moving average of $0.22. The firm has a market cap of $6.59 million, a P/E ratio of -6.47 and a beta of 1.18.

Pure Energy Minerals (OTCMKTS:PEMIF) last posted its earnings results on Tuesday, October 22nd. The basic materials company reported ($0.01) EPS for the quarter. The company had revenue of $0.10 million during the quarter. Pure Energy Minerals had a negative return on equity of 2.63% and a negative net margin of 172.39%.

Pure Energy Minerals Company Profile

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.